One American household out of 10 under water

[patientlywaiting]

Just watched ABC News. Things will get very ugly.

Too bad they don’t have video online. But here’s the story.

——–

Mark Zandi, chief economist of Moody’s Economy.com, said, “The last time we saw so many homeowners with so many home values that were worth less than the amount of mortgage they owed was back in the Great Depression.”

http://abcnews.go.com/Business/story?id=4332334&page=1

[patientlywaiting]

Looks like it’ll get worse from 8.8 million owners under water to 15 million households under water by the end of the year.

——
By the end of this year as many as 15 million U.S. households may owe more on their mortgages than their homes are worth, according to an estimate from Jan Hatzius, chief U.S. economist of New York-based Goldman Sachs Group Inc. That may fuel an increase in foreclosures, erode prices, and increase mortgage bond losses, he said in a Feb. 1 report.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=atrbI3FEV3.I

[patientlywaiting]

Looks like it’ll get worse from 8.8 million owners under water to 15 million households under water by the end of the year.

——
By the end of this year as many as 15 million U.S. households may owe more on their mortgages than their homes are worth, according to an estimate from Jan Hatzius, chief U.S. economist of New York-based Goldman Sachs Group Inc. That may fuel an increase in foreclosures, erode prices, and increase mortgage bond losses, he said in a Feb. 1 report.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=atrbI3FEV3.I

[patientlywaiting]

Looks like it’ll get worse from 8.8 million owners under water to 15 million households under water by the end of the year.

——
By the end of this year as many as 15 million U.S. households may owe more on their mortgages than their homes are worth, according to an estimate from Jan Hatzius, chief U.S. economist of New York-based Goldman Sachs Group Inc. That may fuel an increase in foreclosures, erode prices, and increase mortgage bond losses, he said in a Feb. 1 report.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=atrbI3FEV3.I

[patientlywaiting]

Looks like it’ll get worse from 8.8 million owners under water to 15 million households under water by the end of the year.

——
By the end of this year as many as 15 million U.S. households may owe more on their mortgages than their homes are worth, according to an estimate from Jan Hatzius, chief U.S. economist of New York-based Goldman Sachs Group Inc. That may fuel an increase in foreclosures, erode prices, and increase mortgage bond losses, he said in a Feb. 1 report.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=atrbI3FEV3.I

[patientlywaiting]

Looks like it’ll get worse from 8.8 million owners under water to 15 million households under water by the end of the year.

——
By the end of this year as many as 15 million U.S. households may owe more on their mortgages than their homes are worth, according to an estimate from Jan Hatzius, chief U.S. economist of New York-based Goldman Sachs Group Inc. That may fuel an increase in foreclosures, erode prices, and increase mortgage bond losses, he said in a Feb. 1 report.

http://www.bloomberg.com/apps/news?pid=20601109&refer=home&sid=atrbI3FEV3.I

[DoJC]

I wonder what the correlation to underwater homeowners to walk-away ratio will end up? That and what the ratio of underwater to foreclosure will be? Those two will greatly home prices over the next 2-3 years. That and what happens to the mortgage rate!

– Doug

[DoJC]

I wonder what the correlation to underwater homeowners to walk-away ratio will end up? That and what the ratio of underwater to foreclosure will be? Those two will greatly home prices over the next 2-3 years. That and what happens to the mortgage rate!

– Doug

[DoJC]

I wonder what the correlation to underwater homeowners to walk-away ratio will end up? That and what the ratio of underwater to foreclosure will be? Those two will greatly home prices over the next 2-3 years. That and what happens to the mortgage rate!

– Doug

[DoJC]

I wonder what the correlation to underwater homeowners to walk-away ratio will end up? That and what the ratio of underwater to foreclosure will be? Those two will greatly home prices over the next 2-3 years. That and what happens to the mortgage rate!

– Doug

[DoJC]

I wonder what the correlation to underwater homeowners to walk-away ratio will end up? That and what the ratio of underwater to foreclosure will be? Those two will greatly home prices over the next 2-3 years. That and what happens to the mortgage rate!

– Doug

[Bugs]

The numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.

[Bugs]

The numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.

[Bugs]

The numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.

[Bugs]

The numbers are so staggering that it’s hard to conceptualize them in other than abstract terms.

[Author]

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