Underwater Mortgages

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

HuffingtonPost.com | Bonnie Kavoussi | Posted 02.09.2012 | Business

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...

Read Whole Story

Time for New Leadership at Fannie and Freddie: Obama Should Side With Homeowners Over Wall Street

Gordon Whitman | Posted 02.07.2012 | Business

Read More: Edward Demarco, Jobs, Foreclosure, Freddie Mac, Barack Obama, Underwater Mortgages, Mortgages, Home Mortgages, Business News

Large-scale principal reduction is a win-win for homeowners and the economy. It would stabilize housing values and prevent foreclosures, while putting cash in the wallets of struggling families.

Read Post

Job Relocation Help Less Likely For Homeowners

HuffingtonPost.com | 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...

Read Whole Story

Boehner Says Government Should Stop Helping Homeowners

HuffingtonPost.com | Michael McAuliff | Posted 02.02.2012 | Politics

Read More: Foreclosures, Federal Housing Administration, John Boehner Mortgage Crisis, John-Boehner, Video, Obama Housing Plan, John Boehner, Obama Mortgages, Mortgage Crisis, 112th Congress, Home Foreclosures, John Boehner Forclosures, Underwater Mortgages, Politics News

WASHINGTON -- House Speaker John Boehner thinks it's about time for the government to stop trying to aid people with underwater mortgages. Respondi...

Read Whole Story

Why Congressional Republicans Should Support Obama's Just-Announced Large Scale Mortgage Refinancing

Mark Steitz | Posted 01.24.2012 | Politics

Read More: Mortgage Crisis, Mortgage Refinancing, Housing Crisis, Underwater Mortgages, Video, Politics News

Tonight, the president announced a plan to allow for the refinancing of the mortgages of every responsible homeowner -- and many of the primary beneficiaries of this plan would be Republican voters in Tea Party districts. Shouldn't Republicans in Congress line up?

Read Post

Does Mortgage Settlement Go Far Enough To Jolt Housing Market?

HuffingtonPost.com | Loren Berlin | Posted 01.24.2012 | Business

Read More: Foreclosure Crisis, State of the Union 2012, Mortgage Settlement, Economy, Obama State of the Union Address, Robosigning, Mortgage Crisis, Obama State of the Union, Foreclosure, Simon Johnson, State of the Union, Housing Crisis, Underwater Mortgages, Business News

In Tuesday night's State of the Union address, President Barack Obama is expected to tout a settlement between states' attorneys general and five of t...

Read Whole Story

Obama Must Choose on Housing: A Sweetheart Deal for the 1% or a Fair Deal for the 99%

Van Jones | Posted 01.22.2012 | Politics

Read More: Underwater Mortgages, Obama Immunity Banks, Foreclosure Crisis, Banks Mortgage Crisis, Bank Lobbying President, Occupy Atlanta Housing, Barack Obama Banks, Housing Crisis, Obama Foreclosure Banks, Obama Negotiation Banks, Politics News

Rumor has it that on Monday, after months of negotiation with big banks, the White House may announce a settlement that would let the banks off the hook for their role in the foreclosure crisis. We hope these rumors are untrue.

Read Post

This Could Be The Biggest Issue In Battleground States

The Huffington Post | Jillian Berman | Posted 01.21.2012 | Business

Read More: Home Prices Battlegrounds States, Video, Foreclosure Crisis, U.S. Home Prices, Battleground States, Home Prices, Business News, Election 2012, Housing Crisis, Underwater Mortgages, Business News

Newt Gingrich's alleged request for an open marriage and Mitt Romney's tax returns took center stage at last night's Republican debate, but perhaps th...

Read Whole Story

Regulator Mulling Mortgage Debt Reduction For Bankrupt: Report

Posted 12.21.2011 | Business

Read More: Video, Bankruptcy, Freddie Mac, Fannie Mae, Federal Housing Finance Agency, Chapter 13, Mortgage Debt, Mortgage Debt Reduction, Fhfa, Underwater Mortgages, Business News

The regulator for Fannie Mae and Freddie Mac is actively considering a proposal that would allow for a reduction in the outstanding mortgage debt ...

Read Whole Story

The 1 Percent Indifferent to Their Indebtedness

Leo W. Gerard | Posted 01.28.2012 | Business

Read More: Social Security, Debt, Elizabeth Warren, Patriotic Millionaires, Medicaid, Super Committee, Bush Tax Cuts, Deficit, Deficit Super Committee, Medicare, Head Start, Patriotic Millionaires for Fiscal Strength, Brent T. White, The 99 Percent, Underwater Mortgages, The 1 Percent, Business News

Americans don't like debt, including bills owed by their government. It weighs on them, even when it's to create jobs and speed recovery. That's why there was a deficit Super Committee. But for the majority of millionaires, incurring debt does not evoke anxiety.

Read Post

Foreclosure Settlement Awaits California's Next Move

HuffingtonPost.com | Loren Berlin | Posted 11.23.2011 | Business

Read More: Foreclosures, California, Subprime Mortgages, Housing, Attorney General, Subprime Mortgage Crisis, Mortgage Crisis, Mortgage Fraud, Robosigners, Housing Crisis, Underwater Mortgages, Foreclosure Settlement, Business News

As state attorneys general continue to pursue a national settlement with mortgage companies to resolve claims of improper handling of foreclosure proc...

Read Whole Story

Americans Moved At An All-Time Low Rate Last Year

Posted 11.16.2011 | Business

Read More: Underwater Mortgages Jobs, American Moving Rates, Census Bureau, Video, Unemployment, Homeownership, Business News, Homeowners, Joblessness, Moving, Underwater Mortgages, Business News

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...

Read Whole Story

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

HuffingtonPost.com | Loren Berlin | Posted 01.11.2012 | Business

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...

Read Whole Story

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

Arianna Huffington | Posted 01.08.2012 | Business

Read More: Mortgages, Housing Market, Right to Rent, Mortgage Modification, Economy, Economic Crisis, Mortgage Crisis, Housing Crisis, Underwater Mortgages, Business News

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.

Read Post

How to Walk Away

Ryan J. Downey | Posted 12.08.2011 | Business

Read More: Bank of America, Mortgage Crisis, Mortgages, Housing Bust, Walking Away From Mortgage, Housing Bubble, Walking Away, Underwater Mortgages, Business News

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

Read Post

Report: Half Of Prime Mortgages Borrowers Will Be Underwater

Posted 12.07.2011 | Business

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...

Read Whole Story

Bank Of America Foreclosure Notices Reportedly Spike In August

The Huffington Post | Bonnie Kavoussi | Posted 11.13.2011 | Business

Read More: Foreclosures, Mortgages, Housing Market, Moody's Analytics, Bank of America, Recession, Gus Faucher, Underwater Mortgages, Business News

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 ...

Read Whole Story

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

Read More: Wall Street, Mortgage Modification, Housing Bubble, Underwater Mortgages, New Bottom Line, Politics News

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.

Read Post

The Advertiser and the Adjustable Rate Mortgae

Christopher Brauchli | Posted 09.10.2011 | Business

Read More: Mortgage Crisis, Adjustable Rate Mortgages, Subprime Mortgages, Underwater Mortgages, Business News

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

Read Post

Underwater Mortgages Are Sinking Home Values:

24/7 Wall St. | Posted 09.02.2011 | Business

Read More: Mortgages, Foreclosure Crisis, Great Recession, Economic Crisis, Home Values, Business News, Foreclosure, Real Estate, Housing Crisis, Underwater Mortgages, Business News

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

Read Whole Story

Home Sales In May Lowest Since November

Posted 08.21.2011 | Business

Read More: 2008 Financial Crisis, National Association of Realtors, Housing Prices, Subprime Mortgages, Third World America, Home Mortgages, Federal Reserve, Foreclosure, Ben Bernanke, Housing Sales, Underwater Mortgages, Video, Business News

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, ...

Read Whole Story

10 Worst U.S. Cities for Renters

AOL Real Estate | Stefanos Chen | Posted 07.17.2011 | Home

Read More: Akron, Orlando, Mcallen, Cities Rent, Home Values, Rent Buy Cities, Underwater Mortgages, Worst Cities Rent, Home News

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

Read Whole Story

New Report: Nearly Half Of Chicago Mortgages Are Underwater

Posted 07.10.2011 | Chicago

Read More: Housing Prices, Chicago Real Estate, Chicago Home Prices, Chicago, Chicago Underwater Mortgages, Illinois, Chicago Housing, Chicago Mortgage Crisis, Underwater Mortgages, Chicago News

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...

Read Whole Story

Obama Administration's Plan To Punish Banks

HuffingtonPost.com | Shahien Nasiripour | Posted 05.25.2011 | Business

Read More: Foreclosure Crisis, Wells Fargo, Ally Financial, Bank of America, Business, Foreclosure Fraud, Underwater Mortgages, Politics, JPMorgan Chase, State Attorneys General, Foreclosure Investigation, US News, Citigroup, Business News

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...

Read Whole Story

We Are Attacking the Victims of This Housing Crisis

Rep. Dennis Kucinich | Posted 05.25.2011 | Politics

Read More: Foreclosure, Housing Crisis, Republican House, Mortgage Crisis, GOP House, Hamp, Underwater Mortgages, Politics News

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.

Read Post