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Loan Modification

: Loan Modification & Home Loan News

Is your mortgage above water?

By Moe Bedard

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DESPITE RECENT, tentative signs of stabilization, the housing market remains fragile, and that translates into insecurity or outright hardship for millions of Americans. Twenty-four percent of all homeowners with mortgages are “underwater,” meaning that they owe more on the residence than it is worth. For those borrowers who are unemployed, this situation is especially devastating: [...]

Full post as published by Loan Modification & Home Loan News on March 29, 2010 (boomark / email).

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