Home Owners with Negative Equity Cause More Concern
Buying a HomeMortgage delinquencies are down 30 percent from peaking in January 2010, yet the high number of underwater home owners still has many concerned. The Lender Processing Services’ Mortgage Monitor report for July shows a strong link between negative equity and new problem loans. “As negative equity increases, we see corresponding increases in the number of new problem loans,” says Herb Blecher, vice president of LPS Applied Analytics. “In Nevada and Florida, two of the states with the highest percentage of […]
