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IMPORTANT: Bing News RSS feed has moved!The group said an additional 8,623 homes, or 8 percent, of Des Moines-area homeowners with mortgages were close to having negative equity, or having less than ... “Most people look at their home as a long-term investment,” said Olson. Read moreNegative home equity is rising in Iowa, report says... with negative equity or near-negative equity accounted for 27.1 percent of all residential properties with mortgages in the third quarter. Among the 6.3 million primary U.S. mortgages without home equity, the average loan balance is $ ... Read moreHome Economics: Phila. region has escaped worst of mortgage crisisWachovia Mortgage and Wells Fargo Home Equity customers facing financial hardships. Wells Fargo has invited more than 15,000 South Florida mortgage customers to the workshop that will be held on Wednesday and Thursday, December 7-8 from 9 a.m ... Read moreWells Fargo to Help South Florida Customers Facing Mortgage Payment ChallengesStormogipson stopped making full mortgage payments six months ago because her lender wouldn’t agree to a loan modification. This Christmas, she’s going to make gifts at home, such as soap and arts and crafts items. “Negative equity is the ... Read moreU.S. Mortgage Debt Falls to Five-Year Low as Consumer Wealth Effect FadesThe Negative Equity Nightmare In the world of real estate and ... Mr Otton has shown that home ownership without a mortgage is a very real possibility. Stimulation To Building Industry Mr Otton welcomes the second part of the announcement by the UK Prime ... Read moreCaution Urged by Property Investment Strategist as New UK Mortgage Scheme is AnnouncedThis total is more than 50 percent higher than earlier industry projections and represents 8 percent of all outstanding loans under the Federal Housing Administration's home equity conversion mortgage (HECM) program. [See 10 Ways Your Home Can ... Read moreWhy Reverse Mortgage Delinquencies Are ExtensiveAs home prices refuse to stabilize and in fact continue to fall, negative equity will only increase. The vast majority of the 10-plus million people who are underwater are still paying their mortgages, but they are deeply underwater, 30% and higher. Read moreAs home prices sink, home ownership heads to new lowsMore Complex Freddie Mac changed its streamlined refinancing guidelines for mortgages with loan-to-value ratios of less than 80 percent, blocking consumers from qualifying if they owe more than their properties’ values because of home equity ... Read moreBofA Says Obama Refinancing-Plan Details Trouble Home LendersJust 7.63 percent of the first mortgage and home equity loans Wells Fargo services were past due or in foreclosure in the third quarter of 2011 compared to an industry average of 10.70 percent. Wells Fargo's totals are down from a peak of 8.96 ... Read moreFor additional information, please see:
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