· Who will pick up the tab in Florida, Georgia and Texas? That’s the big question, now that flood waters from Hurricanes Irma and Harvey have receded. Left.
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The JPMorgan Chase Institute draws transaction-level data from over one million checking account holders to provide a first-ever daily look at the impacts of Hurricanes Harvey and Irma on financial outcomes. We find that checking account inflows temporarily dropped by over 20 percent, or roughly.
The worldwide supply and demand for money determines what we pay for all kinds of financing, including mortgages. As much as Hurricane Harvey was a huge event, its impact on mortgage rates has.
What lenders are doing to help storm-hit homeowners Image Credit: Getty Images In the wake of the damage and disruptions caused in Texas, Florida and other parts of the Deep South by Hurricanes Harvey and Irma, some people are finding it difficult to make their regular mortgage payments.
Even as the damage from Hurricanes Harvey and Irma is still being tallied, a preliminary assessment released last week by Black Knight Financial Services estimated that as many as 300,000 borrowers in the vicinity of Houston could become delinquent on their loans and 160,000 could become seriously delinquent, or more than 90 days past due.
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Hurricanes Harvey, Irma, and maria wreaked havoc across the South. Banks, lenders and dealers alike are left wondering what the full impact might be on their books of business. Join Equifax and Moody’s Analytics on December 13 at 1pm ET as we present new research on the potential impact of the recent hurricanes on consumer credit.
“While, the full scope of the damage from hurricanes Harvey and Irma is still being assessed, it is clear the impact on the housing market will be considerable. The Houston metropolitan area and the impacted Florida counties alone accounted for 8.0 percent of all U.S. existing home sales in 2016.
2017-10-05 · President Trump will be quick to point towards the strength of the labour market on the back of today’s positive jobless claims data. The initial impact of hurricanes Harvey, Irma and Maria have typically increased the number of new applications for unemployment benefits.