14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired

Here is what I read today from a tobacco farmworker site; Many, if not most, of RJ Reynolds’ shareholders are actually hoping the company will go out of business.

Other Debt. The average American has other debts totaling ,101.44 ($2,202.88 per family). Surprising Results. Again, dealing with averages and spreading the total indebtedness of the nation across the entire population means people that don’t have any debt get to carry some of that debt with the average.

SHOPPING SUPER MALL VoiceOnyx Backs Telecommunications for Infinity Mortgage Group for a shopping mall. Developers Confluence Partners want to build. An online petition created by Sum Of Us is fighting to stop the super mall, and as of April 9th, it is about 18K signatures away.

Mortgage Debt Fuels Total Household Debt. The total number of mortgage accounts is up to 52.7 million from 52.0 million in the fourth quarter of 2016. The 52.7 million number has been flat over the last three quarters, which means the number of new mortgages (originations) is about equal to the number of mortgages being paid off.

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Still, despite the progress made as the negative equity rate falls, 4.4 million homeowners remain underwater, and about 713,000 of them owe at least twice as much as their homes’ value. Negative equity acts as a drag on the overall housing market, extending beyond homeowners who are underwater.

odorous quill: mournfulness synchronism 14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired In all, total outstanding mortgage debt comes to $246.5 billion, the equivalent of 84.1 percent of the total property value in the state. This is the fourth highest loan-to-value ratio in the country.A-() A, as a prefix to English words, is derived from various sources.(1) It frequently signifies on or in (from an, a forms of AS. on.

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14.7 Million (19%) Of US Mortgages Have $770 Billion In Underwater Equity, $2.4 Trillion In Total Debt Impaired (This article is 18 months old but you’ll get the picture) I don’t understand why Florida and California lead the pack, wasn’t there a housing shortage there in 2006 ?

 · There are 75 million homes in the United States. One third of homeowners have no mortgage, so that means that 41% of all homeowners with a mortgage are underwater. With prices destined for another 10% to 20% drop, the number of underwater borrowers will reach 25 million. There are over 4 million homes for sale in the U.S. today.