TITLE

More to Go Underwater?

AUTHOR(S)
Cornwell, Ted
PUB. DATE
December 2008
SOURCE
National Mortgage News;12/1/2008, Vol. 33 Issue 10, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the concern that falling home values in the U.S. can put newly originated loans underwater, raising the risk of default. Economist Karl Case says that with unemployment, further price declines can leave many borrowers who took out home loans at risk of owing more money than their home is worth. This concern comes amid few signs that housing markets are stabilizing.
ACCESSION #
35616587

 

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