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despite rising home prices, more than 30% of borrowers, or close to 16 million homeowners, were underwater on their mortgage during the first quarter, according to zillow.
44% of cook county homes with a mortgage are underwater
almost 667,000 homes with a mortgage in the seven-county chicago area were underwater on their mortgages in march -- and 13 percent of those homeowners were also delinquent on their mortgage payments by three months or more.
mortgage rates move lower
washington, may 24 (upi) -- average mortgage rates for long-term, fixed-rate loans keep falling to record lows, the federal home loan mortgage corp. said thursday.
residential mortgage backed roosters comin' home to roost as rmbs task force gets to work
first the feds were looking at the the swath of mortgage-backed securities among federal home loan mortgage corporation (freddie mac), the federal national mortgage association (fannie mae), and the government national mortgage association (ginnie mae) (collectively, "MBS"). if you just go by the reports in the press and the swirling rumors on the street, a lot of banks are nervous: ally ...
