Category Archives: Equity

Stunning Rise For Home In Negative Equity

Report: First American CoreLogic, a data supplier, says that in the July-September period, 18% of all properties with a mortgage were underwater—that is, worth less than the outstanding debt. The company’s data includes over 80% of all mortgages. Here are … Continue reading

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Negative Home Equity

Some home markets are appreciating in price but things are grim in California, Nevada and Florida. This is the heart of the economic downturn. This is why politicians want to intervene. The free market is not working as they would … Continue reading

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Mourning The Loss Of Home Equity

Over two million mortgages are under water. The situation is worst in Nevada, California, Florida, Arizona, Michigan and Georgia. Foreclosures in the state of Washington are declining. From Seattle: Almost 8 percent of Washington state homeowners with mortgages are “under … Continue reading

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Wanna Tap Your Home Equity For Cash?

From Kiplingers: The Falkenhagens used another $40,000 from the home-equity line for home improvements and to help make the $1,650 monthly mortgage payments on the resort cabin, especially during the off-season summer months. Between the two mortgage payments and monthly … Continue reading

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Reducing Home Equity Lines

From the New York Times: Washington Mutual, one of the nation’s biggest issuers of second mortgages, said in May that it had reduced or suspended about $6 billion of available credit under existing home equity lines. Home values are a … Continue reading

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America’s Home Equity Percentage Lowest Ever

From the IHT: Homeowners’ portion of equity slipped to 46.2 percent in the first quarter from a revised 47.5 percent in the previous quarter. The total dollar value of equity also fell for the fourth straight quarter to $9.12 trillion … Continue reading

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Home Equity Lines Of Credit

From Newsday: MELVILLE, N.Y.—Homeowners have been getting their home-equity lines of credit frozen or pared down by lenders trying to cut risks. Banks and other lenders, wary after the subprime collapse, have been suspending equity lines of credit because homeowners’ … Continue reading

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Lone Star Buys Bear Stearns Mortgage Unit

NEW YORK, May 30 (Reuters) – A unit and an affiliate of private equity firm Lone Star Funds are buying assets from Bear Stearns’s (BSC.N: Quote, Profile, Research) mortgage company following the sale of the ill-fated investment bank, according to … Continue reading

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Worst Still To Come In Lending Crisis

From the bloggernewsnet: The FBI just released an interesting report showing fraud trends that contributed to the current financial crisis the housing boom has caused. It’s key findings were that mortgage fraud is on the rise, subprime loans contributed to … Continue reading

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Merill Lynch Selling Mortgage Backed Securities

Merrill Lynch has set up a new unit to dispose of mortgage-related paper as other banks have sold devalued securities to fund managers or private equity firms. FICC Asset Management will be led by Doug Mallach, the head of US … Continue reading

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