7.6 Million Borrowers Underwater on Mortgages: Study

The latest figures from CoreLogic suggest that there are more than 11 million borrowers who are underwater on their mortgages. Moreover, FHFA states that 4.6 million of these are Fannie Mae- or Freddie Mac-backed loans with 2.5 million of these having current loan-to-value ratios above 115%.

As of the end of December 2008, more than 8.3 million U.S. mortgages, or 20% of all mortgaged properties, were in a negative-equity position – a jump from September 2008’s total of 7.6 million, according to First American CoreLogic’s latest negative-equity report. During the fourth quarter of 2008, an average of 230,000 borrowers a month [.]

Few states saw as big a housing bubble as Nevada, and the bust has left nearly two-thirds of the state’s mortgage borrowers underwater. Around half of all loans backed by Fannie Mae in the state are deeply underwater, where borrowers owe more than 125% of the value of their homes.

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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.

VantageScore Assessment Reveals Untapped Potential of $272 million in Annual Revenues; 16% Increase in Loans to Hispanic and African American Households. STAMFORD, Conn., March 23, 2015 – VantageScore Solutions, LLC, the company behind the VantageScore credit scoring model, announced today the results of a study assessing the social and financial impact of revised credit score.

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 · The defaults will come from 16 Million Americans paying on "underwater" home mortgages.. 90% of the underwater borrowers are making their mortgage & home loan payments on time, more homeowners will be unable to make timely mortgage payments, increasing delinquency rates and eventually foreclosures,".

Roughly 56% of all U.S. mortgages are owned or guaranteed by Fannie and Freddie and about 11 million homeowners owe more than their properties are worth. Borrowers with negative equity are often.

Fannie Mae and Freddie Mac won’t forgive principal on delinquent mortgages they guarantee. Three out of every four so-called underwater borrowers with GSE loans are current. Fannie Mae and Freddie.

AEI labels Johnson-Crapo the ObamaCare of GSE reform’ Johnson-Crapo Is Phony Fannie-Freddie Reform by John Berlau on March 20, 2014 . This appeared here and I wish to thank John for allowing me to publish his work. RK . Ever since the phrase appeared in Shakespeare’s Romeo and Juliet,Rising rental rates and stagnant salaries widen affordability gap "That’s what we call the affordability gap," says John Kobs, Apartment List’s chief executive. "I don’t see that improving in the near future." Demand for rental housing. recent trends, from rising.Fannie Mae: Homeowner optimism soars to new highs Amid continued strengthening in employment, consumer optimism toward the economy is growing and appears to be contributing to further improvement in overall housing sentiment, according to results from Fannie Mae’s February 2015 National Housing Survey.

A quarter million federal direct student loan borrowers see their loans go into default. Previous research shows that the likelihood of default is higher for certain. were more likely to have credit card, auto, or mortgage debt.