Sentences with phrase «negative equity in one's homes»

Homeowners who have little or even negative equity in their homes can work through these programs to qualify for a refinance.

Sinking home prices and relaxed underwriting standards have left many people with negative equity in their homes, leading to a surge in foreclosures.

Almost one in ten had negative equity in their home before factoring in selling costs and only 57 % had positive equity once commissions and other closing costs were considered.

Haughwout and Okah estimate that by December 2008, nearly half of all nonprime borrowers in these seventeen cities had negative equity in their homes.

About a quarter of U.S homeowners have negative equity in their homes.

Laurie Goodman, senior managing director of Amhert Securities Group LP, told Congress last week that the mortgage loan modification program is «destined to fail» because it doesn't address the fact that so many homeowners have negative equity in their homes.

Almost one quarter of homeowners with mortgages have negative equity in their homes.

We have heard stories of couples continuing to live together just because they had negative equity in their home.

Almost one in ten (9 %) have negative equity in their home, even before considering selling costs.

-- And yet, despite ultra-low interest rates, millions of homeowners remain in financial jeopardy, unable to afford their payments, and unable to refinance because of declining or negative equity in their homes.