Tag Archives: underwater homeowners

Housing Bubble Deflation Map and Trends

A press release from Nielson Wire has an interesting map of home equity that also reads as a map of the housing bubble’s deflation. Today’s featured property is riding the updraft of FED interest air and overtopping its peak value. The boys … Continue reading

Posted in Home Economics | Tagged Deflation, Foreclosures, Home Prices, Interest Rates, Shadow Inventory, Subprime Loans, The Fed, Underwater Borrowers, underwater homeowners | Leave a comment

Fewer homeowners see home values falling

As reported in a recent Reuters article a recent report shows that one in five U.S. homeowners owed more on their mortgage than their home was worth in the fourth quarter; however, California’s housing market is bucking the national trend … Continue reading

Posted in Fresh Perspectives, Home Economics | Tagged Crocker Highlands, Market Trends in California, underwater homeowners | Comments Off

Bay Area City Buying Underwater Homes

Hercules is buying underwater homes. The Contra Costa Times is reporting Hercules continues to purchase ‘underwater’ homes Hercules has stepped up the pace of its short-sale home purchases, closing on several more properties over the last half-year, including the condominium … Continue reading

Posted in Uncategorized | Tagged underwater homeowners | Comments Off

Will common sense prevail?

Nick Timiraos over at the Wall Street Journal called my attention to a new study out from the New York Fed. It essentially says that loan modifications are less likely to default if they include a principal balance reduction. While my … Continue reading

Posted in Best Of The Storm, Everything About Foreclosures | Tagged Foreclosures, negative equity, Shadow Inventory, Strategic Defaults, Strategic Foreclosure, The Fed, underwater homeowners, Walk Away | 1 Comment

HAMP Conversions – Pushing homeowners into the most exotic mortgage yet

Monday, the administration announced a nationwide campaign to push their failing Home Affordable Modification Program (HAMP) out of the HAMPer. Until now the focus has been on getting loan modifications started with a stated goal of reaching 500,000 trial modifications … Continue reading

Posted in Best Of The Storm, Everything About Foreclosures, Fresh Perspectives, High On Design, Mortgage News, The Buying and Selling Process | Tagged HAMP, Loan Modifications, negative equity, Option-Arm Loans, Stimulus, Subprime Loans, Underwater Borrowers, underwater homeowners | Leave a comment