Read more mortgage defaults stories on Newserhttp://www.newser.com/taggrid/24582/mortgage-defaults.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 12:51:29 CSThttp://www.newser.com/story/74703/1-in-4-homeowners-underwater.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNearly 1 in every 4 homeowners owes more on their mortgages than their homes are worth, a serious obstacle to any kind of housing recovery. According to a report from First American CoreLogic, a real estate information company, nearly 10.7 million households are “underwater,” with 5.3 million of...http://www.newser.com/story/74703/1-in-4-homeowners-underwater.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 24 Nov 2009 6:34:10 CSThttp://www.newser.com/story/74619/debt-happy-us-faces-payback-time-as-rates-rise.html?utm_source=syn&utm_medium=rss&utm_campaign=tagLike a homeowner heading for mortgage default as interest rates rise, the US is heading for a nasty shock as cheap national debt suddenly becomes much more expensive. The White House estimates that the cost of servicing our $12 trillion debt will be more than $700 billion a year by...http://www.newser.com/story/74619/debt-happy-us-faces-payback-time-as-rates-rise.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 23 Nov 2009 7:29:09 CSThttp://www.newser.com/story/73095/goldman-seizes-homes-as-securities-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagImagine finding yourself in a foreclosure battle and discovering that your opponent isn't the obscure lender who wrote your insane mortgage, but the formidable Goldman Sachs. It seems that after years of buying subprime mortgages and packaging them into bonds, at a handsome profit, Goldman is now in the business...http://www.newser.com/story/73095/goldman-seizes-homes-as-securities-sour.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 02 Nov 2009 8:21:51 CSThttp://www.newser.com/story/71468/foreclosures-on-pricey-properties-pick-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe country's most expensive homes are now making up a larger segment of foreclosures in the most recent spike of mortgage defaults. An analysis of recent data shows that 30% of June foreclosures involved homes valued in the top third based on location; that’s up from just 16% at the...http://www.newser.com/story/71468/foreclosures-on-pricey-properties-pick-up.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 12 Oct 2009 9:19:00 CDThttp://www.newser.com/story/65468/despite-obama-push-banks-often-prefer-foreclosing.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThere’s a big problem with government efforts to keep delinquents in their homes by modifying mortgages: Banks would usually rather foreclose, economists tell the Washington Post . Lenders are only interested in modification for the small group of borrowers who will keep paying only if they get help. For those who’ll...http://www.newser.com/story/65468/despite-obama-push-banks-often-prefer-foreclosing.html?utm_source=syn&utm_medium=rss&utm_campaign=tagTue, 28 Jul 2009 9:40:46 CDThttp://www.newser.com/story/63852/a-quarter-of-defaulters-are-doing-it-on-purpose.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAs many as 26% of mortgage defaults are deliberate moves by homeowners who owe more than their house is worth, finds a new study that asked 1000 people if they knew anyone who had defaulted even though they could still make payments. Researchers caution that the study isn’t precise, but...http://www.newser.com/story/63852/a-quarter-of-defaulters-are-doing-it-on-purpose.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 08 Jul 2009 9:36:08 CDThttp://www.newser.com/story/60433/mortgage-rates-hit-3-month-high.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMortgage rates jumped to a three-month high yesterday, putting hopes for a rebound in the housing market and consumer spending at risk, the Wall Street Journal reports. The average 30-year fixed rate hit 5.44% from 5.29% the day before and 5.03% Tuesday. The rates make it tougher...http://www.newser.com/story/60433/mortgage-rates-hit-3-month-high.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 29 May 2009 7:28:35 CDThttp://www.newser.com/story/59807/feds-seize-florida-bank-in-49b-bust.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFlorida's BankUnited went bust yesterday as the FDIC seized the critically undercapitalized bank and sold it off to a private-equity team including Blackstone, reports the Wall Street Journal . BankUnited's troubles stemmed from overeager moves in the housing market. It specialized in loans for foreigners wanting to buy Florida property. After...http://www.newser.com/story/59807/feds-seize-florida-bank-in-49b-bust.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 22 May 2009 5:05:38 CDThttp://www.newser.com/story/59202/credit-crisis-traps-nyt-economics-scribe.html?utm_source=syn&utm_medium=rss&utm_campaign=tagNew York Times economics reporter Edmund Andrews was smart enough to avoid a financial disaster like the mortgage crisis. But “I had two utterly compelling reasons for taking the plunge,” he writes: “The money was there and I was in love.” With a new fiancée—and back-breaking alimony payments to...http://www.newser.com/story/59202/credit-crisis-traps-nyt-economics-scribe.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 16 May 2009 18:55:08 CDT