About half of US mortgages seen underwater by 2011 – Reuters – 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.
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.
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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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The percentage of U.S. homeowners who owe more 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 the housing market.
Planning for the Mortgage Resolution Partners began last summer, less than five months after the Commission wrapped up its work in Washington, D.C. In January 2011, the Commission. of PIMCO.
No indeed. A recent Deutsche Bank report notes as “headwinds” the continued weakness of household balance sheets, the rising number of underwater mortgages, the lack of corporate pricing power and the.
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Karen Weaver and Ying Shen of Deutsche Bank released a report earlier today in which they predicted that up to 48% of all US homeowners with a mortgage will be "underwater" by Q1 2011. What is an "underwater" mortgage? An "underwater" mortgage occurs when a homeowner owes more to the bank than what their home is worth.
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While our base case remains a soft landing led mainly by an investment slowdown, we see increasing downside risk from. “Unlike the U.S., I don’t think a lot of people are underwater on their.
Fed Beige Book: Economic activity expanded in March, housing results mixed WASHINGTON, March 9 – The united states economy expanded. the Federal Reserve said Wednesday. "The economy has continued to expand at a moderate pace," the Fed said in its summary of regional.