7.6 Million Borrowers Underwater on Mortgages: Study

A just released study shows that Texas has the lowest number of homeowners who are underwater. borrowers with sufficient equity to participate in the mortgage market," said Frank Nothaft, chief.

CFPB names Mulvaney, Hensarling aide Brian Johnson deputy director Johnson, a Republican congressional lawyer and an ally of Hensarling when he led the House Financial Services Committee, joined the CFPB in late 2017 to serve as a senior advisor to Mulvaney.

With the lower mortgage premiums, the borrower could reduce their monthly payments to $915 a month, the administration estimates, thus delivering an additional savings per month of $100. The latest.

NABE: Economic uncertainties remain, with one exception Obama stresses refi plan won’t ‘solve all problems’ In a tight race, President Obama accepted the presidential nomination, acknowledging slow progress in solving the nation’s economic woes but declaring, "Our challenges can be met."NABE: Economic uncertainties remain, with one exception FHA continues to lean on Treasury Federal reserve approves banking reform measures U.S. senate bank reform Fight Turns to Consumers, Fed – The U.S. Senate’s debate on wall street reform shifted thursday to a running battle over consumer protection and an impending challenge to federal.Freddie Mac completes first small pool sale of deeply delinquent mortgages Housing to gradually improve in 2012, NAR economist says  · Lone Star buys freddie mac loan pools. The dallas-based private equity real estate firm has acquired the majority of 2,879 deeply delinquent non-performing loans being sold by the US government-sponsored enterprise.

As of the end of the second quarter, 17% of Americans with a mortgage were underwater. That’s down from 18.8% in the first quarter and 23.8% in the second quarter of last year, which is real progress.

ACLU pushes to slow mass foreclosure docket in Florida Housing to gradually improve in 2012, NAR economist says The robo-settlement impact on future foreclosures nar: pending home sales up 10.3% from last year. – – A foreclosure can be the result of losing a job, medical problems that keep you from working, too many debts or a divorce. Foreclosures often begin when the borrower stops making.

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.

Here’s a dilemma facing an estimated 11 million homeowners, or more than one out of every five mortgage holders. will open HARP up to about 4.7 million of the 11 million borrowers who are.

Still, that’s about 3/4 million less than were underwater in Q2 of this year. The total number of homes with underwater mortgages (often called "upside down" or "negative equity" properties, meaning.

The Austin Business Journal features local business news about Austin. We also provide tools to help businesses grow, network and hire.

The study, conducted by researchers at First American CoreLogic, paints a troubling picture estimating that 7.62 million borrowers in the U.S. are currently underwater on their mortgages — or 18.

And if Zillow’s estimates of the number of underwater borrowers are correct — First American CoreLogic has estimated that 7.6 million U.S. households were underwater on their mortgages as of Oct.

Still, that’s about 3/4 million less than were underwater in Q2 of this year. The total number of homes with underwater mortgages (often called "upside down" or "negative equity" properties, meaning.

A new national program aimed at helping people with overwhelming mortgage debt is only going to give relief to 1.1 percent of those borrowers in the Chicago area, according to a new RealtyTrac study .