Underwater Homeowners

California Lawmakers Say Housing Group Cares More About Banks Than Homeowners

HuffingtonPost.com | Ben Hallman | Posted 05.30.2012

Read More: Mortgage Settlement, Homeowner Bill of Rights, Kamala Harris, Zoe Lofgren Fhfa, Robosigning, Mortgage Crisis, Federal Housing Finance Agency, Edward Demarco, Kamala Harris Homeowner Bill of Rights, Fhfa, Underwater Homeowners, Zoe Lofgren, Business News

The Federal Housing Finance Agency is well on its way to a remarkable achievement: proving less popular, among housing groups, than even the banks who...

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One In Three Homeowners Owes Bank More Than Home Is Worth: Study

Loren Berlin | Posted 05.25.2012

Read More: Mortgages, Zillow, Home Values, Mortgage Crisis, Mortgage Rates, Homeowners, Mortgage Debt, Underwater Homeowners, Underwater Mortgages, Money News

If you're looking for good news about the housing market, you're going to have to wait awhile longer, as new research continues to paint a grim pictur...

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Clock Ticks for DeMarco

Gordon Whitman | Posted 05.21.2012

Read More: Principal Reduction, Edward Demarco, Foreclosure, Housing Crisis, Foreclosure Cris, Underwater Homeowners, Underwater Mortgages, Business News

Ed DeMarco is overdue on his promise to tell whether he will reverse his stubborn opposition to principal reduction -- a practice that allows underwater homeowners to refinance their mortgages at the real value of their homes.

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We're Drowning (PHOTOS)

The Huffington Post/America Underwater | Posted 03.13.2012

Read More: Foreclosures, Debt, Foreclosure Crisis, Poverty, America Underwater, Underwater, Banks, Foreclosure, Slidepollajax, Underwater Homeowners, Home Foreclosures, Money News

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, ...

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Housing Secretary To Underwater Americans: There's Help For You

HuffingtonPost.com | Ben Hallman | Posted 03.06.2012

Read More: Housing Market, Mortgage, Housing, Robosigning, Foreclosure, Underwater Homeowners, Shaun Donovan, Housing and Urban Development, Business News

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...

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Ex-Fannie Mae Employee: Executives 'Philosophically Opposed' To Loan Forgiveness

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.09.2012

Read More: Elijah Cummings, Principal Reduction, Congress, John Tierney, Housing Market, Mortgage Modification, Housing, Mortgage Crisis, Federal Housing Finance Agency, Fannie Mae, Principal Writedowns, Housing Crisis, Underwater Mortgages, Video, Freddie Mac, House Oversight Committee, Underwater Homeowners, Principal Reductions, Business News

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

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Job Relocation Help Less Likely For Homeowners

HuffingtonPost.com | Alexander Eichler | Posted 02.02.2012

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...

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

HuffingtonPost.com | Loren Berlin | Posted 01.11.2012

Read More: Brad Meyer, Video, Foreclosure Crisis, Right to Rent, American Homeowner Preservation, Banks, Delinquent Mortgages, Underwater Homeowners, Housing Crisis, Underwater Mortgages, Business News

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...

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Report: Half Of Prime Mortgages Borrowers Will Be Underwater

Posted 12.07.2011

Read More: Mortgage Crisis, Business News, Fitch Ratings, Housing Market, Video, Underwater Mortgages Fitch Report, Underwater Homeowners, Housing Crisis, Underwater Mortgages, Business News

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...

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Strategic Defaulter Walks Back To His Mortgage

HuffingtonPost.com | Arthur Delaney | Posted 09.14.2011

Read More: Mortgages, Repo, Strategic Default, Mortgage, Unemployment, Housing, Underwater Homeowners, Housing Crisis, Walking Away, Business News

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...

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Homeowners Hold Grudges

Lita Smith-Mines | Posted 08.02.2011

Read More: Attorneys, Homeowner Aid, Mortgage Modification, Homeownership, Homeowners, Real Estate, NY Real Estate, Business, Underwater Homeowners, Home Foreclosures, New York News

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.

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

Richard (RJ) Eskow | Posted 05.30.2011

Read More: Homeowners' Bank Bailour, Underwater Homeowners, Hamp, Financial Reform, Banking Crisis, Obama Administration, Republican Party, Mortgage Crisis, Business News

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.

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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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Homeowners Weigh Morality Of Walking Out On Mortgages

Religion News Service | By Amy Green | Posted 05.25.2011

Read More: Walking Out on Morgage, Underwater Homeowners, Defaulting on Mortgage, Walking Away From Mortgage, Housing Crisis, Mortgage Crisis, Religion News

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...

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House Targets Underwater Homeowners

HuffingtonPost.com | Ryan Grim | Posted 05.25.2011

Read More: Federal Housing Administration, Fha, Mark Zandi, Underwater Mortgages, Mortgages, Mortgage Crisis, Republicans, Underwater Homeowners, 60 Minutes, Bailouts, Dean Baker, Business News

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

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Bank Of America Executive Acknowledges Poor Service In Mortgage Mod Program

HuffingtonPost.com | Arthur Delaney | Posted 05.25.2011

Read More: Principal Reduction, Underwater Homeowners, Bank of America, Underwater, Bofa, Principal Forgiveness, Business News

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...

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Goldman CEO Challenged On-Air By Lou Dobbs

Huffington Post | Posted 05.25.2011

Read More: Lloyd Blankfein, U.S. Economy, Goldman Sachs, Wall Street, Lou Dobbs, Recession, Homeowners, Economy.com, Underwater Homeowners, Video, Business News

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

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