Harvey’s hit to mortgages could be four times worse than predicted—and then there’s Irma

Hurricane Irma Is Stronger Than Katrina Was At Its Peak Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma September 13, 2017 | Diana Olick, NBR, CNBC.com Getty Images

Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma As many as 300,000 borrowers could become delinquent on their loans after Hurricane Harvey, Black knight financial services says. That is four times the original prediction because new disaster zones were designated and more homes flooded.

If money is a commodity and there’s plenty of mortgage lenders, then it’s all about finding the lowest mortgage rate quote. Of course, those rates won’t just jump out at you.. Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma.

Reverse-Mortgage Fails Not a Factor in Florida’s Stubbornly High Foreclosure Rate In 2018, there were 33,031 foreclosure starts statewide, the report documents. Despite the high foreclosure rates, Florida’s overall real estate market continues to stabilize from the recession that followed the 2007 housing market crash, presaged in 2006 when the foreclosure process was initiated on one in every 102,875 homes in the state.

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Harvey’s hit to mortgages could be four times worse than predicted-and then there’s Irma. As if Hurricane Harvey wasn’t enough of a hit for mortgage holders, Irma might mean four times as many homeowners will be affected by weather in the southeast.