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Underwater Homeowners

We're Drowning (PHOTOS)

The Huffington Post/America Underwater | Posted 03.13.2012 | Money

What does it mean to be an underwater homeowner? "I paid $245,00 and now [my home] is worth $117,000," writes a senior citizen living in Phoenix, ...

Ben Hallman

Housing Secretary To Underwater Americans: There's Help For You | Ben Hallman | Posted 03.06.2012 | Business

For every borrower in immediate danger of losing a home to foreclosure, there are at least two more like Renita "Kay" Butler, who is current on her lo...

Bonnie Kavoussi

Ex-Fannie Mae Employee: Executives 'Philosophically Opposed' To Loan Forgiveness | Bonnie Kavoussi | Posted 02.09.2012 | Business

Fannie Mae executives are refusing to forgive part of homeowners' mortgage debt because they are "philosophically opposed" to the idea, according to a...

Alexander Eichler

Job Relocation Help Less Likely For Homeowners | Alexander Eichler | Posted 02.02.2012 | Business

The percentage of people moving for new jobs fell to a near-historic low in the second half of 2011, according to a recent report, as the housing bust...

Loren Berlin

The Foreclosure Crisis Solution Banks Don't Want You To Know: Right to Rent | Loren Berlin | Posted 01.11.2012 | Business

Brad Meyer occupies the real estate equivalent of the twilight zone. He lives in Milwaukee with his wife and children in the three-bedroom ranch house...

Report: Half Of Prime Mortgages Borrowers Will Be Underwater

Posted 10.25.2012 | Business

Half of borrowers with prime loans -- or loans made to borrowers with good credit and income -- will likely end up underwater anyway, according to a r...

Arthur Delaney

Strategic Defaulter Walks Back To His Mortgage | Arthur Delaney | Posted 09.14.2011 | Business

Ernie Soto and his wife are moving back into their house in Alamogordo, N.M., the same house they abandoned at the beginning of 2010 after Soto lost f...

Homeowners Hold Grudges

Lita Smith-Mines | Posted 08.02.2011 | New York
Lita Smith-Mines

There's a new grudge war, between homeowners who can afford their mortgages and ones who can't. They express ill feelings towards neighbors, focusing on some break they sense a struggling homeowner is getting.

By the Time You Read This: Why the Mortgage Crisis Dwarfs Almost Everything

Richard (RJ) Eskow | Posted 05.30.2011 | Business
Richard (RJ) Eskow

The mortgage crisis in this country doesn't get much attention in Washington these days, but it's huge. It's so huge, in fact, that it dwarfs most of the economic issues that have Washington in their grip.

Fannie, Freddie In Talks With Government Over Reducing Balances For Struggling Homeowners: Report

Posted 05.25.2011 | Business

NEW YORK: Fannie Mae and Freddie Mac are in discussions with U.S. government officials to join government programs aimed at reducing mortgage balances...

Homeowners Weigh Morality Of Walking Out On Mortgages

Religion News Service | By Amy Green | Posted 05.25.2011 | Religion

By Amy Green Religion News Service ORLANDO, Fla. (RNS) Lynn Thompson quit paying the mortgage on her investment property--not because she couldn't af...

Ryan Grim

House Targets Underwater Homeowners | Ryan Grim | Posted 05.25.2011 | Business

The House GOP launched an assault Thursday on homeowners who walk away from underwater mortgages, arguing that such foreclosed-on former homeowners ar...

Arthur Delaney

Bank Of America Executive Acknowledges Poor Service In Mortgage Mod Program | Arthur Delaney | Posted 05.25.2011 | Business

Bank of America on Wednesday announced details of a plan to partially forgive debts of homeowners who owe more than their homes are worth -- and a ban...

Goldman CEO Challenged On-Air By Lou Dobbs

Huffington Post | Posted 05.25.2011 | Business

On Tuesday, Lou Dobbs challenged Lloyd Blankfein, the CEO of Goldman Sachs, to a fight while on the air. After discussing a new report tha...