Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies

From Black Knight: Black Knight: Hurricane Harvey Could Result in 300,000 New Mortgage Delinquencies, with 160,000 Borrowers Becoming Seriously Past Due • FEMA-designated disaster areas related to Hurricane Harvey are home to 1.18 million mortgaged properties • Harvey-related disaster areas contain over twice as many mortgaged properties as those connected to Hurricane Katrina in 2005, carrying nearly four times the unpaid principal balance • Post-Katrina mortgage delinquencies in Louisiana and Mississippi FEMA-designated disaster areas soared 25 percentage points, peaking at over 34 percent......(read more)

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