underwater mortgages
Of nearly 45 million mortgaged residential properties in the United States at the end of the first quarter of 2015, about 5 million had mortgages underwater.
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Negative equity, meaning a homeowner owes more on the mortgage than the market value of the property, is rising in 21 of the country’s 50 largest housing markets.
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Of nearly 50 million mortgaged properties in the United States at the end of the fourth quarter of 2014, more than 10% have a mortgage amount that is greater than the value of the property.
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Of nearly 44.6 million mortgaged properties in the United States at the end of the third quarter of 2014, about 5.1 million of the mortgages were underwater.
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Freddie Mac and Fannie Mae are being sued for breach of contract for allegedly not paying promised dividends.
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Of 49.5 million mortgaged properties in the U.S. at the end of the second quarter, in about 5.3 million the mortgage amount is greater than the value of the property.
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A sum of nearly $1.3 billion in a government fine would put most businesses out of business. However, if your corporate name is Bank of America Corp. (NYSE: BAC) or one of the other too big to fail...
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Citigroup is finding out that it also gets a turn in the mortgage settlement barrel. Shares have dropped on Friday on news that the U.S. Department of Justice is seeking a $10 billion fine from the...
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Source: ThinkstockOf more than 49.3 million mortgaged properties in the United States at the end of the first quarter of 2014, there are 6.3 million where the mortgage amount is greater than the...
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Source: ThinkstockIn another sign that the financial situation of many Americans has improved, and perhaps that fewer mortgages are underwater, mortgage delinquencies fell to levels last seen in...
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Source: ThinkstockOf nearly 49 million mortgaged properties in the United States at the end of the third quarter, there are 6.4 million where the mortgage amount is greater than the value of the...
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Source: Wikimedia CommonsJamie Dimon of J.P. Morgan Chase & Co. (NYSE: JPM) may still be a great banking CEO, but he is far from the bulletproof CEO he was considered to be back before his London...
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Source: ThinkstockThe latest data from Lender Processing Services Inc. (NYSE: LPS) shows that the total U.S. mortgage loan delinquency rate has fallen from 6.21% in April to 6.08% in May, and that...
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Source: ThinkstockRising home prices have floated 9.7 million homeowners with underwater mortgages back into a positive equity position in the past year. But 19.8% of all residential properties...
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Source: ThinkstockJust over 13 million U.S. mortgage loans are currently underwater, meaning that homeowners owe more on the mortgages than the property is worth. The number is shrinking, but...
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