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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: home mortgage

home mortgage stories: 2 news summaries

 1 in 4 Homeowners Underwater 

Swell of those owing more than home value a risk to market

Nov 24, 09 6:34 AM CST
(Newser) - Nearly 1 in every 4 homeowners owes more on their mortgages than their homes are worth, a serious obstacle to any kind of housing recovery. According to a report from First American CoreLogic, a real estate information company, nearly 10.7 million households are “underwater,” with 5.3... More »

MORE ABOUT:
housing market • foreclosure • mortgage defaults • underwater mortgage • home mortgage

 Foreclosures on Pricey 
 Properties Pick Up 

Well-to-do buyers weren't immune to wacky loans, and they're coming due

Oct 12, 09 9:19 AM CDT
(Newser) - The country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at... More »

MORE ABOUT:
housing market • foreclosure • credit crisis • homeownership • mortgage defaults • home mortgage • exotic loans • expensive

2 Stories


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