CoreLogic Updates Estimated Flood Insurance Losses From Harvey – NMP
Industry News

CoreLogic Updates Estimated Flood Insurance Losses From Harvey

Sep 01, 2017
CoreLogic has updated its residential loss estimates for Hurricane Harvey, placing the estimated insured flood loss for homes in the 70-county area in Texas and Louisiana affected by the storm between $6.5 billion and $9.5 billion

CoreLogic has updated its residential loss estimates for Hurricane Harvey, placing the estimated insured flood loss for homes in the 70-county area in Texas and Louisiana affected by the storm between $6.5 billion and $9.5 billion. CoreLogic also estimated an additional estimated $1 billion to $2 billion in insured loss attributed to wind damage from the hurricane.
 
For those impacted by the storm with flood insurance, the flood loss covered by the National Flood Insurance Program (NFIP) is estimated at $6 billion to $9 billion. The insured flood loss from private insurers is estimated at less than $500 million.
 
However, the estimate for the residential uninsured flood loss for the same area is forecast at between $18 billion and $27 billion. An estimated 70 percent of flood damage from the hurricane was not covered by any form of insurance. 
CoreLogic has updated its residential loss estimates for Hurricane Harvey, placing the estimated insured flood loss for homes in the 70-county area in Texas and Louisiana affected by the storm between $6.5 billion and $9.5 billion
 
About the author
Phil Hall
Link copied
Published
Sep 01, 2017
Get the NMP Daily
Regulation and Compliance
Condo Review Deadline Puts Lenders On The Clock

Fannie Mae and Freddie Mac will eliminate abbreviated project reviews for condo applications dated on or after Aug. 3

Mortgage lenders have just over a week before Fannie Mae and Freddie Mac retire the abbreviated project-review pathways that have helped qualifying condominium loans avoid the cost and documentation demands of a Full Review.For loan applications dated on or after Aug. 3, Fan...

Continue reading
Diversity & Inclusion
Movement Adds Bilingual LO Support, Brings ITIN Lending In-House

The retail lender is pairing Spanish-language operations with an ITIN program offering financing up to 85% LTV

Movement Mortgage has launched a centralized bilingual support team designed to help its retail loan officers serve Spanish-speaking borrowers, including originators who do not speak Spanish themselves.The Diverse Lending Support Team will provide bilingual LO assistants and...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Industry News
Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Industry News
Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Industry News
Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Industry News
Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Industry News
Jul 02, 2026
President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News
Jun 24, 2026