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

mortgage rates barely budged this week as the impact of the recent hurricanes began weighing on the economy. According to the latest data released Thursday by. partly because of the effects of.

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%).

Tax Forgiveness on that 1099 When to Use Tax Form 1099-C for Cancellation of Debt. Unfortunately, your next challenge might be a huge tax bill. In most situations, if you receive a Form 1099-C from a lender, you’ll have to report the amount on that form to the Internal Revenue Service as taxable income. Certain exceptions do apply.

Post-Harvey potential new serious delinquencies (90+ days): 160,000; Black Knight will continue to monitor the impact of Hurricane Harvey on mortgage performance moving forward. The company’s Data & Analytics division is also currently watching Hurricane Irma’s projected path, and will report as the situation develops.

To make matters worse, FEMA reported that 80 percent of all households affected by Harvey didn’t have flood insurance to help mitigate the financial impact of the disaster. Moreover, according to a.

Here’s the latest data on the impact of Hurricanes Harvey and Irma on mortgages kelsey ramrez is an Associate Editor at HousingWire. In this role she spearheads the production of HW Magazine.

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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.

And good news for buyers: Mortgage rates across the country are likely to remain relatively low in the aftermath of Hurricanes Harvey and Irma. Compare. according to Census Bureau data released.

To keep the NAA Network informed concerning the impact of Hurricanes Harvey and Irma on affiliates, members and residents in and around the Gulf Coast and southern Florida, following are statements, resources and updates as they have been provided to NAA. This post will be regularly updated when information becomes available.If you would like to share an update, story or

Diana Olick reports on the housing impact on mortgages from Hurricane Harvey compared to Hurricane Katrina.

Additional guidelines for mortgage assistance options can be found here. Homeowners who have been affected by Hurricane Irma or Hurricane Harvey can find additional information here or by visiting the hurricane relief page on www.MBA.org. In addition, homeowners can reach out to Fannie Mae directly by calling 1-800-2FANNIE (1-800-232-6643).