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Texans face rising mortgage delinquencies after Harvey
In Friendswood and greater Houston, homes flooded by Hurricane Harvey trigger spiking mortgage delinquencies. Many owners struggle with insurance gaps and slow federal aid. Delinquency rates rose from July to December, with about 40,000 of 91,400 90-day-plus loans in Texas tied to Harvey. Lerma, among flood victims, faces possible buyout and ongoing displacement, relying on aid and a loan for relief.
MENTIONED IN THIS ARTICLE
Friendswood
Texas
Jacob Lerma
Houston
Lerma
Federal Emergency Management Agency
GoFundMe
Harvey
FEMA
Black Knight Inc
Kaiser Family Foundation
Episcopal Health Foundation
Fannie Mae
Freddy Mac