iOS app Android app

Underwater Mortgages

Americans Moved At An All-Time Low Rate Last Year

Posted 11.16.2011 | Business

Americans last year moved at the lowest rate in recorded history, according to a new report from the Census Bureau. Between 2010 and 2011, 11.6 per...

Loren Berlin

The Foreclosure Crisis Solution Banks Don't Want You To Know: Right to Rent

HuffingtonPost.com | 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...

"Right-to-Rent": A Simple, Sensible Idea That Dysfunctional Washington Is More Than Happy to Let Die

Arianna Huffington | Posted 01.08.2012 | Business
Arianna Huffington

Decisions are being made on a regular basis that are prolonging the economic crisis. And there are plenty of steps we can take that would produce tangible positive results in the lives of millions of people.

How to Walk Away

Ryan J. Downey | Posted 12.08.2011 | Business
Ryan J. Downey

What happens when you walk away from an underwater mortgage? Are you arrested? Are you shunned? Do your kids decide they hate you?

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...

Bank Of America Foreclosure Notices Reportedly Spike In August

The Huffington Post | Bonnie Kavoussi | Posted 11.13.2011 | Business

This post has been corrected. Nearly a year after announcing plans to halt foreclosures in all 50 states, Bank of America reportedly is ramping up ...

A Fair Mortgage Plan Will Turn the Economy Around, Create Millions Of Jobs... And Shrink the Federal Deficit

Richard (RJ) Eskow | Posted 10.31.2011 | Politics
Richard (RJ) Eskow

We can demand that the banks do the right thing, or we can continue to abandon the American middle class and let our economy keep flailing and failing.

The Advertiser and the Adjustable Rate Mortgae

Christopher Brauchli | Posted 09.10.2011 | Business
Christopher Brauchli

Juxtaposition. Avoid it. It makes things seem ridiculous if not incomprehensible.

Underwater Mortgages Are Sinking Home Values:

24/7 Wall St. | Posted 09.02.2011 | Business

The underwater mortgage problem will probably deteriorate before it improves. Home inventory level is still at an extraordinary high. The Wall Street ...

Home Sales In May Lowest Since November

Posted 08.21.2011 | Business

WASHINGTON (Lucia Mutikani) - Sales of previously owned U.S. homes fell to a six-month low in May and prices dropped 4.6 percent from a year ago, poin...

10 Worst U.S. Cities for Renters

AOL Real Estate | Stefanos Chen | Posted 07.17.2011 | Home

After the housing bubble burst, thousands of families found themselves saddled with underwater mortgages, peak interest rates and a serious shortage o...

New Report: Nearly Half Of Chicago Mortgages Are Underwater

Posted 10.25.2012 | Chicago

Newly released statistics show a mortgage crisis that is only deepening in the nation's third-largest city, with staggering numbers of homeowners in d...

Shahien Nasiripour

Obama Administration's Plan To Punish Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

NEW YORK -- The Obama administration is seeking to force the nation's five largest mortgage firms to reduce monthly payments for as many as three mill...

We Are Attacking the Victims of This Housing Crisis

Rep. Dennis Kucinich | Posted 05.25.2011 | Politics
Rep. Dennis Kucinich

What message is this Congress sending? If you are a distressed borrower or a relative who is in trouble or a neighbor in distress, the message of this House is tough luck. Worried about losing your house? Tough luck.

Lucia Graves

Clergy Perform Exorcism On Chase Bank To Banish 'Demons Of Selfishness, Avarice'

HuffingtonPost.com | Lucia Graves | Posted 05.25.2011 | Politics

Angered by mortgage policies that fail to address the national foreclosure crisis, members of New York's clergy gathered in front of JPMorgan Chase's ...

Did Obama Break His Pledge to Force Banks to Help Homeowners?

The Huffington Post | Lila Shapiro | Posted 05.25.2011 | Business

Has Obama broken his pledge to help struggling homeowners facing the threat of foreclosure? ProPublica has a lengthy article out examining the way...

Ryan Grim

Learning To Walk: Fear, Shame And Your Underwater Mortgage

HuffingtonPost.com | Ryan Grim | Posted 09.25.2012 | Business

WASHINGTON -- Nearly 1 in every 4 U.S. homeowners with mortgages owe more on their home than it's worth. Once a month, those 10.8 million are faced wi...

Ryan Grim

HuffPost Readers: Have You Walked Away From Your Underwater Mortgage?

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Between 11 and 15 million mortgages are currently underwater, meaning the home is worth less than the amount owed on it. For many people in that situa...

Arthur Delaney

Homeowner Beats Bank Of America In Small Claims Court

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011 | Business

A California homeowner sued Bank of America in small claims court and won $7,595 from the bank after it burned him on a mortgage modification. "It wa...

Ryan Grim

Half Of Bank Pay Could Modify Every Underwater Mortgage

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011 | Business

Wall Street banks are on pace to pay out some $143 billion in compensation for 2010, just shy of their record year of 2007. But given the widespread l...

Borrowers Who Try & Try Again Rarely Succeed

Lita Smith-Mines | Posted 05.25.2011 | Business
Lita Smith-Mines

"If at first you don't succeed, try, try again" really doesn't apply when dealing with many mortgage holders.

A Marshall Plan For America's Housing Market

Posted 05.25.2011 | Business

NEW YORK (Reuters) - What will it take for the U.S. housing market to shake off the gloom? Even before some of the nation's biggest mortgage lenders ...

Brad Miller: Politician Wants To Level The Playing Field For Homeowners

The New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

[Rep. Brad Miller] is worth getting to know, not only because of his deep concern about the foreclosure epidemic, but also because he has made a compe...

Nearly One Quarter Of Mortgage Borrowers Owe More Than Their Home Is Worth

DailyFinance | CHARLES HUGH SMITH | Posted 05.25.2011 | Business

By the end of the first quarter of 2010, the number of mortgaged residential properties with negative equity had declined slightly to 11.2 million, do...

Fannie, Freddie May Forgive Mortgage Debt For Some Borrowers: Reuters

James Pethokoukis | Posted 05.25.2011 | Business

Main Street may be about to get its own gigantic bailout. Rumors are running wild from Washington to Wall Street that the Obama administration is abou...