underwater borrowers


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Is eminent domain the answer to bailing out underwater mortgages?

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...

Eminent domain to rescue underwater mortgages: OPINION
One in five Bronx homeowners have underwater mortgages

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...

One in five Bronx homeowners have underwater mortgages
Source: CoreLogic

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...

Tide of underwater homes recedes in NYC area
Despite new guidelines, short-selling buyers’ FICO scores will take a hit

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...

Despite new guidelines, short-selling buyers’ FICO scores will take a hit
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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...

One-fifth of NYC-area borrowers are underwater
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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...

Negative equity restricts refinancings for 8M distressed homeowners
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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...

Obama must get banks to reduce mortgage principals: editorial
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