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.
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