- More than 200k Fannie/Freddie as well as another 200k FHA/HUD mortgage guaranteed homes were hit by Hurricane Harvey.
- Homeowners may abandon many of these homes (lack insurance/funds to rebuild).
- Also, those who return to their houses are more likely to default/foreclose (job loss/displacement).
About 400,000 homes with U.S.-backed loans in Harvey’s aftermath
(08/28/2017)
