One in Four Borrowers Is Underwater
Written on 25 Nov, 2009 at 3:37 in ECONOMIC NEWS | viewed 176 times | 0 Comments
The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery. Nearly 10.7 million households had negative equity in their homes in the third... (Continue reading)
Housing Market Being Pounded By New Wave of Foreclosures
Written on 25 May, 2009 at 14:23 in ECONOMIC NEWS | viewed 89 times | 0 Comments
As job losses rise, growing numbers of American homeowners with once solid credit are falling behind on their mortgages, amplifying a wave of foreclosures. In the latest phase of the nation’s real estate disaster, the locus of trouble has shifted from... (Continue reading)
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