7.6 Million Borrowers Underwater on Mortgages: Study

Underwater homeowners are eligible if they live in the home, have a loan serviced by Bank of America and were at least 60 days delinquent on their mortgages as of Jan. 31. The cutoff date was imposed to keep borrowers from intentionally going delinquent in hopes of getting their principal chopped.

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Mortgage-debt forgiveness preventing foreclosures – Last month, however, Fannie and Freddie announced they would participate in two programs in California and Nevada that will use part of a .6 billion hardest. to reduce principal on mortgages held.

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According to Make Lemonade, there are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. The average student in the Class of 2017 has about $40,000 in student loan debt, compared with $37,172 in student loan debt for the Class of 2016.

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The Poseidon Mortgage Adventure – The percentage of these underwater borrowers rose to 20.0% from 18.0% over that time. There are currently 60.0 million homeowners in the United States, putting the total percentage of underwater homes.

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Women Are Better than Men at Paying Their Mortgages It’s a fact: women on average pay more for mortgages. We are not the first people to have noticed this; a small number of other studies have also pointed it out (e.g., Cheng, Lin, and Liu 2011). One possible

One Year Later, HAMP Servicers Modify 170,000 Mortgages Clear Capital home prices end up 4.1% lower in 2010, more declines ahead Housing Outlook, 2014: Home Prices Head Higher !. Clear Capital forecasts that home prices nationally will rise by 3% to 5% in 2014, about the historical average.. More from Bowie Up next on.Are more borrowers really taking out non-agency reverse mortgages? Originators weigh in Lending Reverse How many borrowers are taking out jumbo reverse mortgages? No one really knows The industry avidly tracks hud-endorsed hecms, but it’s sorely lacking cross-lender data on non.Homeowners Hope for Easier and More Streamlined Modification Rules as Result of Foreclosure Probe – RISMEDIA, November 12, 2010-(MCT)-Union County, N.C., homeowner Barry Lancett signed two agreements with a national lender this year to modify the terms of his mortgage but still. program known as.

The percentage of "underwater" borrowers rose to 20 percent from 18 percent. Another 2.16 million properties could go underwater if home prices fall another 5 percent, the study shows. First American said the value of residential properties fell to $19.1 trillion at year-end from $21.5 trillion a year earlier, with half the decline in California.

According to a new study from DataQuick, the updates to the Home Affordable Refinance Program (the updated program is commonly referred to as HARP 2.0) could help as many as 6.7 million borrowers with loan-to-value ratios of more than 125% refinance their mortgages. As many as 13.8 million mortgages may meet be eligible for HARP 2.0.

NJ Still Drowning in ‘Underwater’ Mortgages, New Study Reveals Joe Tyrrell | May 9, 2014 While foreclosure rates fall in other parts of country, New Jersey on track for another 50,000 filings this.