Eminent domain to rescue underwater mortgages: OPINION
The answer to rescuing New York City homeowners from their underwater mortgages lies in the use of a foreclosure-prevention...
underwater borrowers
The Latest
One in five Bronx homeowners have underwater mortgages
For every five homeowners in the Bronx, almost one of them had debt that exceeds the value of their...
Tide of underwater homes recedes in NYC area
The number of homes in the New York area that were underwater fell to 97,262 in the second quarter of...
Despite new guidelines, short-selling buyers’ FICO scores will take a hit
With generous new guidelines from Fannie Mae and Freddie Mac likely to stimulate large numbers of short sales by...
One-fifth of NYC-area borrowers are underwater
For all the recent signs of the improving U.S. housing market, nearly one in three Americans with home mortgages...
Negative equity restricts refinancings for 8M distressed homeowners
Source: CoreLogic Nearly a quarter of Americans with residential mortgages are in negative equity and that number is barely...
Obama must get banks to reduce mortgage principals: editorial
Drastic changes are needed to stimulate a housing recovery according to a New York Times editorial, which urged President...