Report: Highest Percentage of Seriously Underwater Loans in Q3 Originated During Housing Boom

first_img in Daily Dose, Featured, Market Studies, News Home / Daily Dose / Report: Highest Percentage of Seriously Underwater Loans in Q3 Originated During Housing Boom  Print This Post The Week Ahead: Nearing the Forbearance Exit 2 days ago The highest percentage of residential mortgage loans that were seriously underwater in this year’s third quarter were originated during the housing bubble between 2004 and 2008, according to RealtyTrac’s U.S. Home Equity & Underwater Report for Q3 2014.RealtyTrac reported that about 15 percent of all residential properties with a mortgage in the U.S. were seriously underwater in Q3, meaning the combined loan amount secured by the property is at least 25 percent higher than the property’s estimated market value. About 40 percent of the mortgage loans originated in 2006 were seriously underwater in Q3 2014, the highest percentage for any year after 2004, according to RealtyTrac.The number of Q3’s seriously underwater mortgages that were originated in the years following 2006 has declined steadily with each year before inching back up in the last two years. The percentage of seriously underwater mortgages in Q3 originated in 2007 was 35 percent; in 2008, it was 25 percent; and for every year, it declined until hitting a low of 7 percent in 2012. The percentage of mortgage loans originated in 2014 that were seriously underwater in Q3 was 10 percent.Meanwhile, the highest percentage of equity-rich homeowners, which are those with at least 50 percent equity in their properties, were those who bought or refinanced their homes between 1994 and 1998, according to RealtyTrac.The highest percentage of seriously underwater homeowners in Q3, according to RealtyTrac, were those that owned homes that were worth less than $200,000. About 55 percent of homes worth less than $50,000 were seriously underwater in Q3, while only 10 percent of homes in that price range were equity rich. About 34 percent of homes in the price range of $50,000 to $100,000 were seriously underwater, while 13 percent were equity rich.Homes worth more than $200,000 had lower percentages of seriously underwater homeowners and higher percentages of equity rich homeowners in Q3, according to RealtyTrac. For example, about 6 percent of homeowners with homes worth between $500,000 and $750,000 were seriously underwater, while 31 percent of homeowners with homes in that price range were equity rich. Servicers Navigate the Post-Pandemic World 2 days ago October 27, 2014 908 Views Servicers Navigate the Post-Pandemic World 2 days ago Tagged with: equity rich properties RealtyTrac Seriously Underwater Mortgages About Author: Brian Honea Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. The Best Markets For Residential Property Investors 2 days ago Previous: Optimism Among Home Sellers Declines in Q3 Next: DS News Webcast: Tuesday 10/28/2014 equity rich properties RealtyTrac Seriously Underwater Mortgages 2014-10-27 Brian Honea Share Save Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Demand Propels Home Prices Upward 2 days ago Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles The Best Markets For Residential Property Investors 2 days ago Sign up for DS News Daily Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Report: Highest Percentage of Seriously Underwater Loans in Q3 Originated During Housing Boom Subscribelast_img read more

Special Guests Added To Exciting Bernie Sanders Benefit Ft. Members Of Phish, Dead & Co And More

first_imgNext Monday, April 18th, a host of incredible musicians will descend upon The Hall At MP in Brooklyn, NY for “Get Out And Vote For Bernie,” a benefit show for presidential candidate Bernie Sanders. With the New York primary scheduled for April 19th, funk group Kung Fu will be hosting the festivities, with previously-announced guest appearances from Jon Fishman (Phish), Oteil Burbridge (Dead & Company/Allman Brothers Band), and Natalie Cressman (Trey Anastasio Band).We’re excited to announce that some additional artists and personalities have been added to the event. Musically, Kat Wright will add her indomitable vocals to the mix, Jason Hann of SCI/EOTO will be joining in, and DJ Logic will contribute his signature style to the performance. Not only that, but comedian/activist Jamie Kilstein will be talking about Sanders and his campaign. Kilstein has appeared on Conan, but also has spoken on programs like Up with Chris Hayes and Countdown with Keith Olbermann.The lineup continues to grow, as more and more personalities are feeling the burn. With some opening support from LoveDeep, and plans for a webcast soon to be announced, we can’t wait for you to “Get Out And Vote For Bernie”!Details about the event can be found here. You can also contribute to the Bernie Sanders campaign by visiting his website.last_img read more

We must stand up against hate, division

first_imgAnyone who was not sickened by the flying of the Nazi flag should be reminded over 50 million people died in World War II. Around 6 million Jews died in concentration camps and another 6 million to 8 million people died because of their race or color. If you aren’t appalled at this symbol of hate, seek help.More concerning is that our current president uses the same strategies that gave rise to Hitler: hate, division and criticism of the press. His constant lies and the apathy of the current Republican Party to remove this man from power who was elected on the politics of fear hate and change brings me great concern.So let us remember “The road to Auschwitz was built by hate, but paved with indifference.” Don’t believe it couldn’t happen here. Let us not idly stand by and watch the politics of hate destroy us.You may have voted for change, but instead you have been given hate and division. I implore all those to rethink your position and to stand against the politics of hate and party-before- country before a quote of indifference is written about us.Scott BrysonScotiaMore from The Daily Gazette:EDITORIAL: Find a way to get family members into nursing homesSchenectady teens accused of Scotia auto theft, chase; Ended in Clifton Park crash, Saratoga Sheriff…EDITORIAL: Beware of voter intimidationEDITORIAL: Urgent: Today is the last day to complete the censusFoss: Should main downtown branch of the Schenectady County Public Library reopen? Categories: Letters to the Editor, Opinion Recently I went and watched the “Diary of Anne Frank” presented by the Scotia Glenville Drama Club. It was an amazing performance and I can say I was moved and saddened by this play.For me it also sparked a quote I remember from years past: “The road to Auschwitz was built by hate, but paved with indifference,” by Ian Kershaw.last_img read more