EY Celebrates YPO Members Through Entrepreneur of the Year Program : YPO Rubicon Global Founder and CEO nate morris named finalist for EY Entrepreneur Of The Year 2016. Ernst & Young (EY) announced today that Nate Morris, Founder and CEO of Rubicon Global, is a finalist for the company’s EY Entrepreneur Of The Year 2016 Award in the Southeast.
· In total, 4.3 million properties with nearly $700 billion in outstanding mortgage balances are located in FEMA-designated disaster areas in Texas and Florida, according to a preliminary estimate by Black Knight Financial Services: Disaster areas of Hurricane Harvey: 1.18 million mortgaged properties with $179 billion in unpaid mortgages.
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Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential damage could impact as much as a $696 billion in notional mortgage values, which banks could be on the hook for if current occupiers decide to simply.
Combining the preliminary estimates for both Harvey and Irma suggests that over 3.3 million total mortgaged properties are located in Irma and Harvey-related FEMA Disaster zones, while the dollar amount of total unpaid mortgage balances in these two zones is massive: between Irma’s $517 billion and Harvey’s $179 billion, the total potential.
In dollar terms, this means that there is some $517 billion in unpaid principal balances in Irma-related disaster areas, nearly three times the amount as in those related to Harvey and more than 11 times of those connected to Katrina.
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FEMA-designated disaster areas related to Hurricane Harvey are home to 1.18 million mortgaged properties Harvey-related disaster areas contain over twice as many mortgaged properties as those connected to Hurricane Katrina in 2005, carrying nearly four times the unpaid principal balance Post-Katrina.
· Total unpaid mortgage balances in Hurricane Harvey-related FEMA disaster areas: $179 billion; Total unpaid mortgage balances in Hurricane Katrina.
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$700 BILLION UNPAID MORTGAGE BALANCES IN HURRICANE HARVEY AND IRMA disaster areas september 18, 2017 | ZERO HEDGE | WWW.ZEROHEDGE.COM | 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.
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