Home / Tag Archives: Natural Disasters (page 6)

Tag Archives: Natural Disasters

$1.5 Trillion Worth of U.S. Homes Threatened by Wildfires

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 ...

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Foreclosure Starts and Completions Hit 17-Year Lows

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. ...

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HUD Announces $1.5 Billion in Aid to Puerto Rico

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 ...

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Is the State of Housing Strong?

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 ...

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The Long-Term Impact of Hazard Mitigation

Benjamin Franklin once said that “an ounce of prevention is worth a pound of cure.” As regions such as Texas, Florida, California, and Puerto Rico struggle to recover from damaging natural disasters, the implications of those words for the mortgage, ...

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Distributing Insurance Funds After a Natural Disaster

Editor's note: This story was originally featured in the January issue of DS News, out now. One of the biggest mortgage servicing issues facing lenders in Texas, Florida, California, and other states that have suffered from declared disasters relates to insurance claims ...

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RealtyTrac: Natural Disaster Risk ‘Very High’ for 10.6M Housing Units

RealtyTrac released its first-ever Natural Disaster Housing Risk Report Thursday, which assigns a risk score for a natural disaster to more than 3,000 county housing markets nationwide. Scores were based on risk data for three natural disasters—hurricanes, tornadoes, and earthquakes—and each county was assigned to one of five categories based on their score: Very High Risk, High Risk, Medium Risk, Low Risk, and Very Low Risk.

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