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.
A recent report from CNNMoney.com cites a Deutsche Bank analysis that estimates "25 million borrowers, representing 48% of all Americans with mortgage loans" will owe more than their house is worth by 2011. Other estimates have been similar.
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Deutsche Sees 48% of All US Mortgages Underwater in 2011 Mortgage fraud reports swell 20% in third quarter Kelly Curran was one of HousingWire’s first reporters, providing coverage of the U.S.
Half Of All U.S. Mortgages ‘Underwater’ By 2011: Deutsche Bank Jody Shenn bloomberg.com Aug. 5 (Bloomberg) — 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.
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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.
The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, portending another blow to the housing market, Deutsche Bank.
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.
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.
The percentage of U.S. homeowners that owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March as home prices continue to fall, Deutsche.
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