Of the 3.2 million borrowers impacted by Irma, an estimated 170,000 were still in negative equity positions before the storm, with another 180,000 having less than 10 percent equity in their homes. (mortgageorb.com)
One - third of U.S. mortgages taken out in the U.S. in 2005 and 2006 were in negative equity positions before house prices dropped, and at least half of the mortgages had less that 5 per cent equity, making them extremely vulnerable to even a small drop in prices. (ryancoyle.com)
The aim of bank marketing departments — backed by the Obama administration — is to steer credit to re-inflate the bubble and thus save financial balance sheets from their current negative equity position. (michael-hudson.com)