Real estate blog entries tagged with mortgage by Sue Paige (ERA Today Realty, Windham, ME 04062)

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Home : Blogs : Sue Paige : Sue's Blog : Tag "mortgage"

mortgage: Mortgages Underwater - 10/17/09 09:53 AM

Here we are towards the end of the year and more news comes to us stating more homes might be coming onto the market due to mortgages being upsidedown.
According to Fitch in the DSNEWS.com media there is an article worth viewing. Fitch reports 2/3 of borrowers are underwater. I want to say I believe Fitch is based out of California.
" A new monthly report from Fitch Ratings, Fitch RMBS Performance Metrics, estimated that approximately 60% of the remaining performing borrowers from 2006-2007 vintage securities owe more on their mortgages than the homes are worth. That negative home equity is … (1 comments)

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Sue Paige

Windham, ME

More about me…

ERA Today Realty, Windham, ME 04062

Address: 76 Tandberg Trail, Windham, me, 04062

Office Phone: (207) 892-8100

Cell Phone: (207) 749-5459

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This is a blog on how things are going and how it is to live in Maine. Hope you all enjoy my sharing a bit of my area I live in.

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