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Number of ?Under Water? Borrowers Rises

The number of U.S. homeowners owing more on their home loans than their properties are worth increased at the end of last year, highlighting a continuing source of weakness for the economy.
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1-in-6 O.C. borrowers still ‘under water’

Real Estate / Local Market : OCRegister Real Estate (4 years ago)

Real estate data giant CoreLogic reported that 17.3% of Orange County homeowners with a mortgage still owed more than their property was worth at the end of the second quarter. In all, 96,747 Orange County homes were “under water” l...

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Business & Finance : Ezra Klein (2 years ago)

The housing market, finally, is recovering. Home prices are up 8 percent over the past year. And that is providing relief to a particular set of homeowners – the underwater borrowers who owe more than their properties are worth. Ove...

Number of 'underwater' homes declines slightly

Business & Finance : Money & Co (4 years ago)

The number of underwater homeowners in the U.S. declined slightly during the first three months of the year. The decline in the number of borrowers owing more on their mortgages than those properties are worth occurred despite falli...

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