Tag Archives: vicious cycle

For Underwater Borrowers, The Outlook Gets Worse And Worse

About a quarter of American mortgages are underwater. What is owed on the mortgage exceeds the value of the home. As homeowners get increasingly underwater, they have more incentive to default on their mortgage. As a result, foreclosures boom and … Continue reading

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One In Five Homeowners Helped By Obama Mortgage Modification Scheme

Lenders, politicians and homeowners are eager to avoid a flood of new foreclosures which would drive down home prices, leading to reduced equity and more foreclosures. It’s a vicious cycle. After a slow start, Obama’s mortgage modification scheme has helped … Continue reading

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Fannie Mae Allows You To Lease Back Your Foreclosed Home

You can also rent it back. At what price? Market price says Fannie Mae. Lenders are doing everything they can to staunch the tide of foreclosures which threatens to overwhelm home values. The more foreclosures, the lower the real estate … Continue reading

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