State-Level Information on Negative Home Equity and Loan Performance in the Nonprime Mortgage Market

Shear, William B.
June 2010
GAO Reports;6/14/2010, p1
Government Documents
The article discusses the decline of home prices in many parts of the U.S. which has left millions of homeowners with negative home equity which means that their outstanding mortgage balances exceed the current value of their homes. It examines the estimated proportion of nonprime borrowers with active loans that were in a negative equity position and the proportion that were seriously delinquent on their loan payments from 2006 through the end of 2009.


Related Articles

  • Too many long on cash, short on character in United States. Robinson, Elton // Southwest Farm Press;8/5/2010, Vol. 37 Issue 16, p4 

    In this article the author comments on homeowners who walked out on their mortgages in the U.S.

  • Fannie Overhauls Affordable Loan Program. Collins, Brian // Nationalmortgagenews.com;8/25/2015, p5 

    The article informs about the changes made by the U.S. government sponsored enterprise Fannie Mae in the current mortgage program HomeReady being offered by the enterprise that will aid low-income and moderate-income families for giving low-down payment loans. Views of Jonathan Lawless, vice...

  • Delinquencies Rate for Mortgages Rising. Nemeroff, Evan // American Banker;5/23/2012, p7 

    The article discusses the increasing delinquency rate for mortgage payments in the U.S. as of April 2012.

  • Starting to Look Better.  // Origination News;Mar2010, Vol. 19 Issue 6, p4 

    The author reflects on the beginning of the end of the unprecedented wave of mortgage delinquencies that are at least one payment past due however, the delinquencies were still up by 159 balance of payments (bps) from the fourth quarter of 2008 in the U.S.

  • Home Settling. Kay, Julie // ABA Journal;Nov2009, Vol. 95 Issue 11, p14 

    The article focuses on foreclosure mediation practice in the U.S. It states that it is a process that provides assistance to homeowners who are in danger of facing foreclosure by offering them large reductions in interest rates or a two percent reduction, paired with the foreclosure moratorium...

  • 20.6 Million U.S. Homes Free of Mortgage Debt.  // Qualified Remodeler;Feb2013, Vol. 39 Issue 2, p6 

    The article reports on the mortgage data analysis by Zillow Inc. which says that approximately 21 million or 29.3% of outright American homeowners are free of mortgage debt.

  • Banks Modifying Tiny Percentage of Mortgages in Need. Kiel, Paul // Pro Publica;11/21/2010, p1 

    The article offers information on the failure of the U.S. government's mortgage modification program. It informs that very few homeowners were participating in the program. It also informs that although banks were offering their own in-house mortgage modifications but that are less relaxing as...

  • EAST HAMPTON. Starzee, Bernadette // Long Island Business News (7/1993 to 5/2009);6/3/2005, Vol. 52 Issue 23, p26A 

    This article focuses on home prices in East Hampton. East Hampton is a pretty, 4.8-square-mile village within the Town of East Hampton. In 2004, the average sales price of Hamptons homes increased 25 percent over the year before. The median selling price of homes in the village of East Hampton...

  • We won't be laughing over this riotous idea. Gummer, John // EG: Estates Gazette;2/4/2006, Issue 605, p77 

    Highlights the factors that contribute to the futility of a proposed taxation of an increase in the value of residential property in Great Britain. Imposition of an amount that cannot be paid by a house owner; Inability of the taxation to increase the supply of houses; Tendency to discourage...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics