Tag Archives: Natural Disasters

According to the latest installment of CoreLogic’s monthly Loan Performance Insights Report, nationally 5.3 percent of mortgages were in some stage of delinquency during December 2017. That figure includes mortgages in foreclosure. The total is exactly the same percentage as ...

Now and then, Mother Nature reminds us of her power—but 2017 was outrageous. It was a record-breaking year for disasters. According to a recent New York Times report, the combined insured losses from Hurricanes Harvey, Irma, and Maria accounted for ...

When Hurricane Harvey struck Texas last summer, many housing experts worried what the megastorm's effect on the market would be. Turns out, their fears of a wounded market were needless. "Despite the devastation of Hurricane Harvey,” said Kaki Lybbert, Chairman ...

The U.S. Treasury cut a disaster relief loan to Puerto Rico by over 50 percent this week, according to the island’s Gov. Ricardo Rossello. This relief fund of $4.7 billion was provided in October, during the aftermath of Hurricane Maria, ...

It wasn’t the perfect storm, but more like a perfect series of storms: Harvey, Irma, and Maria all hit in swift succession. And while 2017 didn’t set the record for the number of 1,000-year storms (there were six in 2016), ...

As the island continues its long recovery from the devastating impact of Hurricane Maria, Puerto Rico is on the cusp of a dire foreclosure epidemic. According to a December 2017 report by The New York Times, around one third of ...

According to the California Department of Forestry and Fire Protection, last year’s California wildfire season was the most destructive on record, with over 9,000 fires burning more than a million acres in 2017. Moreover, some of those fires swept through ...

Mortgage delinquencies hit a 23-month high as 2017 wrapped up, surging by 164,000 year-over-year, according to the latest Mortgage Monitor Report from the Data and Analytics Division of Black Knight, Inc. However, that figure only tells part of the story. ...

The Department of Housing and Urban Development announced Thursday that it was awarding more than $1.5 billion in aid to help Puerto Rico recover from the damages wrought by Hurricanes Irma and Maria last year. HUD Deputy Secretary Pamela Hughes ...

On Tuesday evening, President Trump delivered his State of the Union address before the Congress. The White House released excerpts from the speech before it began, highlighting a focus on immigration reform, infrastructure, national security, and the economic impacts of ...