Housing Woes

One-Third Of New Homeowners Owe More Than Their House Is Worth

Bloomberg | Posted 09.12.2008 | Business

Read More: Housing Woes, Housing Crisis, Business News

Almost one-third of U.S. homeowners who bought in the last five years now owe more on their mortgages than their properties are worth, according to Zi...

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Housing Lenders Worry Of An Even Bigger Second Wave Of Loan Defaults

New York Times | Vikas Bajaj | Posted 08.11.2008 | Business

Read More: Subprime Crisis, Second Wave of Loan Defaults, Subprime Mortgage Crisis, Mortgage Crisis, Second Wave of Defaults, Housing Crisis, Housing Woes, Alt-A, Alt-a Loans, Prime Mortgages, Lending Crisis, Business News

The first wave of Americans to default on their home mortgages appears to be cresting, but a second, far larger one is quickly building. Homeowners w...

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