The Increasing Percentage Of “Underwater Mortgages”

On May 9 Zillow.com released a Press Release titled “First Quarter Home Value Declines Match Worst of Housing Recession; Bottom Unlikely to Appear Before 2012” with the subtitle “Home Values Show Sharpest Quarterly Decline Since 2008; Negative Equity Rises to 28.4% According to Q1 2011 Zillow® Real Estate Market Reports” (Other stories regarding this Press … Read moreThe Increasing Percentage Of “Underwater Mortgages”

“Underwater Mortgages” Statistics

Yesterday The Wall Street Journal published an article titled “One in Four Borrowers Is Underwater.” The story contains a variety of statistics with regard to homeowner equity and home ownership issues.  It gives a good overview of the situation, and this facet of the residential real estate situation is not pretty.  As the headline states, 23% of all … Read more“Underwater Mortgages” Statistics

Martin Feldstein’s “Underwater” Mortgage Plan – My Comments

In the Saturday edition of The Wall Street Journal, there is an op-ed from Martin Feldstein titled “How to Save an ‘Underwater’ Mortgage.” The editorial provides a good summary of the numbers behind “Underwater” mortgages.  Also, I think the article is beneficial in that it highlights the problem of mortgage defaults and foreclosures, and how “Underwater” mortgages … Read moreMartin Feldstein’s “Underwater” Mortgage Plan – My Comments

“Underwater” Mortgages and “Strategic” Defaults

This article caught my interest; it is titled “About half of U.S. mortgages seen underwater by 2011”: http://www.reuters.com/article/companyNewsAndPR/idUSN0526831020090805 Apparently their projections for “underwater” mortgages is based upon their forecast quoted in the article: “Covering 100 U.S. metropolitan areas, Deutsche Bank in June forecast home prices would fall 14 percent through the first quarter of 2011, … Read more“Underwater” Mortgages and “Strategic” Defaults