Aug. 19 (Bloomberg) — Steven Abrahams, an analyst at Deutsche Bank AG, talks about the U.S. housing market, mortgage lending and the importance of improved U.S. jobs data for raising home values.
Almost half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank AG said. The percentage of "underwater" loans may rise to 48 percent, or 25 million homes, as prices drop through the first quarter of 2011, Karen Weaver and Ying Shen, analysts in New York at Deutsche Bank, wrote in a report today.
Of prime conforming loans, 41 percent will be "underwater" by the first quarter of 2011, up from 16 percent at the end of the first quarter 2009, it said. Forty-six percent of prime jumbo loans will be larger than their properties’ value, up from 29 percent, it said.
UPDATE 2-About half of US mortgages seen underwater by 2011.. than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to.
State AGs propose settlement with mortgage servicers Survey shows first-time homebuyers growing weary of short sales Not only was that up from 97 in July and the highest total recorded during the most recent january survey period, it was more than RLB tallied in America’s three biggest cities combined. There were 28 cranes in New York, 44 in LA and 26 in Chicago. The closest city by crane count to Toronto was Seattle, where 59 cranes are perched.WASHINGTON (CNNMoney.com) — State attorneys. and the five largest mortgage servicers, which comprise 59% of the market. Miller refused to confirm reports that the talks have included a proposed.
This is the new highest percentage of purchase loans recorded since Ellie Mae began tracking data in 2011. In June, the 30-year interest rate rose yet again to 4.9 percent, up from 4.84 in May, and a.
(Newser) – Nearly half of US homeowners will owe more than their house is worth by 2011, Deutsche Bank analysts said yesterday, predicting that the number of such "underwater" mortgages.
Deutsche Bank. Research. US Housing: Cooling down. Peter Hooper, Matthew Luzzetti, Brett Ryan, Justin Weidner, Torsten Slok, Mortgage credit conditions have eased a bit . recently but still much tighter than before the crisis.. underwater. In 2012: 30% underwater. Deutsche Bank
Former Flagstar Bancorp CEO leaves for good Pennsylvania mortgage foreclosure diversion program benefits servicers (Google Maps/The Atlantic) Woodlawn was a center of mortgage fraud during and after the housing crisis. Since the University of Chicago launched its employer-assisted housing program in 2003, it.
The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the more than 552,000 REO properties liquidated in the first half of 2011 were held by private banks.
Housing begins to directly contribute to economy Government policies housing tax policy. In July 1978, Section 121 allowed for a $100,000 one-time exclusion in capital gains for sellers 55 years or older at the time of sale. In 1981, the Section 121 exclusion was increased from $100,000 to $125,000. The Tax Reform Act of 1986 eliminated the tax deduction for interest paid on credit cards.
The worst markets for underwater mortgages By. 48%; Cuyahoga County, Ohio: 41%;. Nearly half of all active mortgages are held by borrowers who are both in positive equity positions and have.
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