Negative Equity

11 Million Americans Owe More Than Their Home Is Worth

AP | DEREK KRAVITZ | Posted 05.25.2011

Read More: Foreclosures, Foreclosure Crisis, Corelogic, Home Prices, Home Sales, Underwater Mortgages, Negative Equity, Business News

WASHINGTON — The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many pe...

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Shahien Nasiripour

Obama's Foreclosure Program Will Reach Less Than One Quarter Of Administration's Target

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Treasury Department, Foreclosure Crisis, Hamp, Housing Market, Cbo, Unemployment, Home Affordable Mortgage Program, Home Prices, Underwater Homes, Real Estate, Cop, Congressional Oversight Panel, Negative Equity, Realtytrac, Ted Kauffman, Business News

The Obama administration's signature anti-foreclosure program will ultimately aid less than a quarter of the nearly four million distressed homeowners...

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

Posted 05.25.2011

Read More: Federal Housing Administration, Foreclosure Crisis, Loan Modifications, Freddie Mac, Mortgage Modifications, Fha, Principal Reductions Mortgages, Fannie Mae, Underwater Homeowners, Negative Equity, Business News

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

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Number Of Underwater Mortgages Falls, Thanks To Foreclosures

AP | By ALEX VEIGA | Posted 05.25.2011

Read More: Foreclosures, Banks, Unemployment, Corelogic, Underwater Mortgage, Negative Equity, Business News

LOS ANGELES -- Foreclosures are helping to thin the ranks of U.S. homes with mortgages that exceed what the properties are worth, new data shows. R...

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

DailyFinance | CHARLES HUGH SMITH | Posted 05.25.2011

Read More: Foreclosure Crisis, Real Estate, Corelogic, Real Estate Prices, Home Prices, Underwater Mortgages, Negative Equity, Business News

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...

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Shahien Nasiripour

75% Of Homeowners In Obama's Loan Modification Plan Still Owe More Than Their Homes Are Worth

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Tarp, Wall Street Bailout, Laurie Goodman, Elizabeth Warren, Mortgage Walk Away, Backdoor Bailout, Underwater Mortgages, Richard Neiman, Financial Crisis, Congressional Oversight Panel, Negative Equity, Video, Business News

More than three-quarters of homeowners who have had their monthly mortgage payments reduced under the Obama administration's primary foreclosure-preve...

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Shahien Nasiripour

Obama Foreclosure-Prevention Plan Lagging, New Data Shows (EXCLUSIVE)

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosures, Treasury Department, Elizabeth Warren, Jim Jordan, Wall Street Bailout, Loan Modification, Obama Administration, Exclusive, Hamp, Bailout, Principal-Writedowns, Home Affordable Modification Program, Dennis Kucinich, Homeownership, Underwater, Financial Crisis, Timothy Geithner, Herbert Allison, Cop, Congressional Oversight Panel, Realtytrac, Negative Equity, Foreclosure Crisis, Making Home Affordable, Mortgage Modification, Hma, Homeowners, FDIC Chairman Sheila Bair, Richard Neiman, Sheila Bair, Video, Business News

Only about a third of the homeowners who have successfully completed the trial period of the Obama administration's mortgage modification program have...

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Shahien Nasiripour

Treasury Getting More Comfortable With Principal Write-Downs -- Sort Of

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Fdic, Mortgage Modifications, Laurie Goodman, Homeowners, Principal Writedowns, Underwater Mortgages, Foreclosure Crisis, Loan Modifications, Principal Cuts, Treasury Department, Financial Crisis, Housing Crisis, Sheila Bair, Negative Equity, Business News

Is the Treasury Department finally going to help homeowners who owe more than their homes are worth get out from underwater? Maybe, maybe not. At a ...

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Shahien Nasiripour

Obama Administration Knew Foreclosure Program Wasn't Working Right, Did Nothing

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Principal Reduction, Foreclosures, Mortgage Modifications, Laurie Goodman, Making Home Affordable, Mha, Alan White, Obama Administration, Underwater Mortgages, Mortgage Crisis, Hamp, Foreclosure Crisis, Loan Modifications, Home Affordable Modification Program, Principal Cuts, Treasury Department, Financial Crisis, Seth Wheeler, Negative Equity, Business News

This story has been updated: See below. Even as the Obama administration's signature foreclosure-prevention program has foundered, Treasury Departmen...

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Underwater Mortgages: 1 In 4 U.S. Borrowers Have Negative Equity On Their Homes

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: First-Time-Home-Buyer-Tax-Credit, First American CoreLogic, Mortgage Crisis, Real Estate, Underwater Mortgages, Negative Equity, Business News

First the good news: The number of Americans who owe more on their mortgages than their homes are actually worth is not as high as many thought. In Au...

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Obama's Loan Modification Plan 'Destined To Fail': Amherst Securities (TRANSCRIPT)

Posted 05.25.2011

Read More: Hamp, Mortgage Modifications, Loan Modifications, Laurie Goodman, First American CoreLogic, Foreclosues, Home Affordable Modification, House Financial Services Committee, Negative Equity, Underwater Mortgages, Video, Business News

In Congressional testimony today, a mortgage market expert offered scathing criticism of the Obama administration's plan to help distressed homeowners...

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Preventing Foreclosure: How To Cope With Negative Equity

Mainstreet | Brian O'Connell | Posted 05.25.2011

Read More: First American CoreLogic, Foreclosure, Negative Equity, Underwater Mortgages, Home Loans, Mortgage Crisis, Business News

You wouldn't know it from the national media, but just because your home loan is underwater -- meaning you owe more than the house is worth -- that do...

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Shahien Nasiripour

At Last, One Government Agency Considers Cutting Mortgage Principal For Distressed Homeowners

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011

Read More: Foreclosure Crisis, Fdic, Making Home Affordable, John Geanakoplos, Mha, Homeowners, FDIC Chairman Sheila Bair, Barack Obama, Hamp, Failed Banks, Wilbur Ross, Federal Deposit Insurance Corp, Homeownership, Underwater, Financial Crisis, Loss-Share, Foreclosure, Sheila Bair, Negative Equity, Business News

FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agenc...

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HSBC Sees Dive In Profits, Jump In Negative-Equity Loans

Daily Mail | Becky Barrow | Posted 05.25.2011

Read More: Economy, Negative-Equity, Domino Effect, Lending Crisis, Hsbc, Recession, Mortgage Crisis, Negative-Equity Loans, Business News

More than one in 10 mortgages are in negative equity or close to being plunged into it, one of the world's biggest banks admitted today. HSBC said it...

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