Bad loans rising: Texans struggle with mortgage payments after Hurricane Harvey

Price gouging is illegal, and the Office of the Attorney General has authority to prosecute any business that engages in price gouging after a disaster has been declared by the governor. The attorney general has issued stern warnings about price gouging to businesses in times of disaster, but you should still be on your guard. §17.46(b) of the Texas Deceptive Trade Practices-Consumer.

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Frequently Asked Questions about Disaster Recovery (April 2016) En Español.. The texas insurance code provides that the mortgage company must, within 10 days after it receives the insurance proceeds, tell you what its requirements are to release the money. Once you have provided sufficient evidence to show that you have met those.

How Hurricane Harvey Is Affecting Houston’s Restaurant Employees. Lost wages, transportation issues, and closed businesses will make the coming months a struggle

However, the percentage of energy loans in our portfolio remains well below our peak of more than 16% in 2015. In general, across Texas we continue to hear. a prolonged rebuilding boost following.

Mortgage After a Hurricane: A Guide to Homeowners Insurance, Disaster Relief and More.. $115,430 to 75,865 policyholders for Hurricane Harvey in September 2017;. (or even 500 with a 10% down payment). FHA loans also allow debt-to-income ratios to rise above 50% in some cases.

Tens of thousands of people have been displaced in Houston, Texas alone by Hurricane Harvey. The long-term damage from the catastrophic flooding engulfing the US’s Gulf Coast is expected to cost.

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 · This group also has a high rate of late debt payments at 0.54% and the most average nonmortgage debt at $30,304. Still, they too are making gains. Their average credit score rose 3.

Americans are spoiled by 24/7 access to fresh food and they rarely stockpile enough for a crisis like Hurricane Harvey. will struggle to reopen. Employees expecting their kids to go back to school.

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But that figure was likely lowered by Hurricane. higher mortgage rates and a shortage of properties for sale are slowing purchases. Auto sales have also slumped. Other threats loom, too. Borrowing.

Henry made the board aware of his intentions a year ago, and a search commenced to find his successor in Kelly Stretcher of Gilmer, Texas. A lifelong resident. of Liberty to work for FLNB as a.