Harvey Hits Mortgages Hard

vacant property security

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.
  • The sheer volume of homes hit by Hurricane Irma will likely cause an increase in mortgage delinquencies as well, though the storms are difficult to compare.

Read Full Article [Source: www.cnbc.com]