1 In 4 U.S. Borrowers Have Negative Equity On Their Homes

Courtesy Digg - Business & Finance  Thu, 11/26/2009 - 09:50

First the good news: The number of Americans who owe more on their mortgages than their homes are actually worth is not as high as many thought.

In August, First American CoreLogic reported that about one third of U.S. borrowers had mortgages that could be called "underwater."


 

Related items

Details of Home Loan Plan Are Released
The program is meant to help up to 9 million borrowers stay in their homes through refinanced mortgages or modified loans.

U.S. to Pressure Mortgage Firms for Loan Relief
Only a tiny fraction of mortgages have been permanently reduced under a $75 billion program.

U.S. Cities With The Most Underwater Mortgages
Home prices may be stabilizing in some areas in the nation, but the damage has already been done in the housing markets that saw the biggest boom and in turn the biggest bust.

AT&T 5800 Accessory Handset for 5800 Series Phones
Advanced American Telephones designs and produces the telephone products that millions of people enjoy every day. AT&T's voice quality, product selection, and reliability make these telephone...

Iris USOA447 IRIScan Express 2 Portable Scanner
Scan Anywhere. Get Organized! The IRIScan Express 2 is ultra portable, and backed by a powerful software suite, so you can get things done! Scan your documents, receipts, business cards,...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com