14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired

14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In total debt impaired by Zero Hedge – July 31st, 2010 12:56 pm Courtesy of Tyler Durden

(MoneyWatch) More people have been lifted out of the shadow of negative equity over the last year, but collectively homeowners still carry $1 trillion in underwater mortgage debt. Nearly 2 million.

Half of Americans with ‘underwater’ mortgages are under by more than 20%.. ‘Underwater’ American homeowners still drowning in mortgage debt. totaling $579 billion of so-called.

14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired

The Mortgage Collaborative Announces New Affordable Lending Outreach Pilot Program | Florida Newswire For customers of mortgage, utility, and credit card companies that use the faster, "These new laws help credit unions continue to provide top notch service to.. recently announced expansion of the Home Affordable Refinance Program, in derivatives through an investment pilot program, but could permit more credit.

Des donnes sur la negative equity aux USA (ceux qui doivent plus la banque que ce que ne vaut leur maison, ou encore dit underwater) viennent juste de sortir, calculs par Robert Shiller et Mark Zandi :

However, if the amount of equity is relatively small, this solution can quickly lead to a level of debt on the property that exceeds the current market value. When this takes place, the property owner is essentially in an underwater mortgage situation. Another common way that mortgages take on an underwater aspect is shifts in property values.

The $6.5 trillion total market value of commercial real estate can be broken into four quadrants. Which of the following sectors of the commercial real estate market currently accounts for the largest proportion of market value? A. Public equity B. Privately held equity C. Publicly traded mortgage debt D. Privately held mortgage debt

Canadian Households Owe More Than .1 trillion dollars. Total household debt hit a new record, but the annual pace of growth continued to decline. The total balance at the end of March stood at a whopping $2.129 trillion, up $3.4 billion from the month before. The annual rate of growth is now 5.25%.

Mortgage Debt Fuels Total Household Debt. The total number of mortgage accounts is up to 52.7 million from 52.0 million in the fourth quarter of 2016. The 52.7 million number has been flat over the last three quarters, which means the number of new mortgages (originations) is about equal to the number of mortgages being paid off.

14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired (This article is 18 months old but you’ll get the picture) I don’t understand why Florida and California lead the pack, wasn’t there a housing shortage there in 2006 ?

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