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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: upside-down mortgages

upside-down mortgages stories: 2 news summaries

 1 in 5 Homeowners Underwater 

Negative equity spikes to 21.9% as prices keep dropping

May 6, 09 7:09 AM CDT
(Newser) - More than one in five American homeowners owe more on their mortgages than their homes are worth, according to a new study. The increase in negative equity has been accompanied by new signs that first-time buyers are taking advantage of lower prices in the housing market. But as prices continue... More »

MORE ABOUT:
housing market • mortgage • housing • negative equity • underwater • upside-down mortgages

Bernanke: Homeowners Need More Help

Fed chief calls for writing down problem mortgages' principal

Mar 4, 08 9:29 AM CST
(Newser) - Ben Bernanke says homeowners need more help, and that help might include writing down the principal on some problem loans, reports the Wall Street Journal.  "Efforts by both government and private-sector entities to reduce unnecessary foreclosures are helping, but more can, and should, be done," ... More »

MORE ABOUT:
Ben Bernanke • foreclosure • mortgage • home loans • homeowners • refinanced mortgages • negative equity • upside-down mortgages

2 Stories


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