The Negative Equity gap is killing the market and preventing new credit from being extended.
Not exact matches
Also if you buy a car and roll
negative equity from a trade in,
gap insurance may be a good idea.
Guaranteed Asset Protection (
GAP) coverage is designed to close the «
gap» between the
negative equity and the insurance payout for car buyers whose vehicles are stolen or damaged beyond repair.
Negative equity is another term for the
gap between what you owe on your auto loan and the car's actual value.
Fannie Mae refers to this as a «
negative perception
gap» and is keeping many homeowners from advancing financially with their home
equity.