Monday, May 5, 2014

1 in 10 Borrowers Underwater as of March 2014

1 in 10 Borrowers Underwater as of March 2014
An improvement from 1 in 3 homeowners in 2010: Overall, the company’s look at March data reflected a shifting landscape. As home prices have risen over the past two years, many distressed loans have worked their way through the system and the percentage of Americans with negative equity has declined considerably. Two years of relatively consecutive home price increases and a general decline in the number of distressed loans have contributed to a decreasing number of underwater borrowers, learn more.

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