Home Buyer News

Here’s the latest data on the impact of Hurricanes Harvey and Irma on mortgages

The economic environment was disrupted by back-to-back devastation caused by hurricanes Harvey and Irma. With many businesses closing to ride out the hurricanes, even Disney World, the Federal.

Are you looking to purchase or invest in a Florida condominium, including a non-warrantable condominium? – David A. Krebs Licensed Mortgage Broker in Miami Condominium prices may be lower than house prices, but the process of buying a condo with a mortgage is a bit different than buying a house with a mortgage. Condominiums that don’t qualify for Fannie Mae, Freddie Mac or Federal Housing Administration financing are called non-warrantable.

Mortgage Delinquencies Begin to Recover from Hurricane Season. CoreLogic reports that early-stage delinquency rates peaked at over 7 percent in some Texas markets during September 2017, as the Lone Star State dealt with the impacts of Hurricane Harvey’s landfall in August 2017. According to the National Oceanic and Atmospheric Administration’s.

Foreclosure Pipeline Gradually Being Cleaned Out In an ideal situation, lenders and property owners work together to make the foreclosure and eviction process run smoothly. This may even mean that a lender will agree to not foreclose on a property in exchange for the owner giving up his or her rights to the property and moving out voluntarily.Mortgage Approval in 3 Minutes 20 Seconds – New Florida Mortgage Mozgov, 26, scored 12 points, including the go-ahead dunk with 18 seconds left as Russia overcame a. Florida house, TMZ.com reported. CitiMortgage filed a lawsuit against Steven and Ileane Lochte.

U.S. factory production rose last month for the first time since June, a sign the industry is starting to regain its footing after the damage from hurricanes Harvey and Irma, Federal Reserve data.

In the wake of two especially damaging natural disasters, Hurricanes Harvey and Irma, the jpmorgan chase institute (jpmci) analyzed the impact of these events on consumer financial outcomes, small business resilience, and local consumer commerce in Miami and Houston to understand how they affected local economies in the weeks and months after landfall.

Hurricane Harvey struck the Texas Gulf coast on August 26, 2017 and dropped over 40 inches of water in some areas during the subsequent two days. A total of 88 people lost their lives5 due to this storm and 73,000 (3.4%) homes have either been destroyed (10,800 – 0.5%) or sustained major damage (62,000 – 2.9%).

Given the timing of the hurricanes and based on observations from previous hurricanes, the worst of the impact from Hurricanes Harvey and Irma was predicted to come in September. Now almost two months after Hurricane Harvey, Black Knight’s "first look" report at the september 2017 mortgage data provides initial numbers on the impact of the hurricanes.

On Friday, the Labor Department will announce the number of jobs that were created in September, which was affected by three major hurricanes – Harvey, Irma and. In fact, the effects even carried.

 · When hurricane harvey hit houston and hurricane Irma ravaged Miami, they both caused the airports to be closed, disrupting the travel plans of thousands of people. It was only a matter of days before the airports reopened but the negative impact on international visitors to those two destinations has lasted for weeks.

Irma’s Impact on Loan Funding; Lots of Disaster Updates Sep 7 2017, 5:09AM As fires, floods, and storms dominate the headlines, our attention now turns to Irma.

Related posts