mortgage

The Homeowners And The New Mortgage Rules – What’s In Store For Them?

Irrespective of whether you blame the ignorant homebuyers or the shady mortgage lenders or even the Wall Street traders, it is a clear fact that the numbers of homebuyers and homeowners who can’t afford their homes are staggering. According to reports by RealtyTrac, around 11 million homeowners are badly underwater on their mortgages. Amidst such […]

Very few homeowners were underwater in 2013 – Is this a positive sign?

According to a report from RealtyTrac, an increasingly large number of mortgage borrowers are keeping their heads above water. In fact, the company had reported that 9.3 million properties, which come to around 19% of all the homes with mortgage loans, were deeply underwater in the month of December and this meant that borrowers owed […]