Half of US Mortgages Underwater by 2011

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Home » Forums » For Mortgage Professionals » General Mortgage Discussion » Half of US Mortgages Underwater by 2011

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Post Statistics: 504 Views, 2 Replies
Latest Post: Fri, Aug 7 2009 11:57 AM by Paul Proffitt

Thu, Aug 6 2009 9:52 PM

Mocohn
(Moshe Cohen PhD)

Half of US Mortgages Underwater by 2011

Half of US mortgages will be underwater by 2011 according to analysts at

Deutsche Bank.

http://www.reuters.com/article/businessNews/idUSTRE5745JP20090805

Moshe Cohen PhD

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Mocohn

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In Reply to This Post

Fri, Aug 7 2009 8:21 AM

TopOfMindNetworks
(David Orsini)

Gulp... that's not good.

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TopOfMindNetworks

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In Reply to This Post

Fri, Aug 7 2009 11:57 AM

paul359
(Paul Proffitt)

This story was based on a report PMI put out couple of weeks ago.

48% of mortgages are upside down right now and the neg ams are going to add to that number

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paul359

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