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Loan Modification

: Loan Modification & Home Loan News

Fewer U.S. homeowners have ?underwater mortgages?

By Moe Bedard

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A smaller percentage of U.S. homeowners were saddled with “underwater mortgages” in the second quarter as more homes entered the foreclosure process even as price declines slowed, real estate website Zillow.com said Monday. Fewer homeowners with so-called underwater mortgages ? where the amount owed on the mortgage exceeds the home’s value ? is nevertheless a [...]

Full post as published by Loan Modification & Home Loan News on August 10, 2010 (boomark / email).

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