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under water mortgages

Loan Modification Efforts Continue Expansion

by MorganNovember 3, 2008 Mortgage News/Insight

If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!A guest post from Frank Shump. Frank is a veteran from the financial services industry, and currently authors a blog called Thefinancecastle.com, which documents his thoughts on money-mattersand his adventures in self employment.
In the midst of the widening housing [...]

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Hidden threat in ?under water? mortgages

by Constantine von HoffmanOctober 23, 2008 Mortgage News/Insight

A guest post from Constantine von Hoffman, veteran business journalist and author of the blog CollateralDamage.biz, a humorous look at marketing, business and his dog.
Under water is the industry term for homes with negative equity ? where more is owed on them than they are worth. You know the cliché about the iceberg and only [...]

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