mortgage debt - Articles

20 States With the Most and Least Mortgage Debt

Still a threat to the housing recovery that everyone is lauding is a staggering amount of mortgage debt that many homeowners can't crawl out from under. Imagine what that debt totals in the states hardest hit by the housing crisis. With millions of mortgage holders in each state -- some of them seriously underwater -- the... Continue Reading »

Zombie Foreclosures: Borrowers Hit With Debts That Won't Die

By Les Christie Borrowers are discovering that their foreclosed homes are coming back to haunt them -- long after they have moved out. In these so-called zombie foreclosures, borrowers move out of their homes after their bank schedules a foreclosure auction only to find out months or years later that the auction never... Continue Reading »

10 States With the Most Mortgage Debt

How much residents of each state owe on their mortgages is an interesting statistic. For the most part, residents of the states with the highest average mortgage debt are not in trouble. While the average home price in these states dropped in value during the recession, the foreclosure rates in these states are among the... Continue Reading »

Mortgage 'Vultures' Keep Defaulting Owners in Homes

You might think a vulture is the least likely creature to help you save your home. But there's a group of vultures who are doing just that -- in fact, they're being more of a friend, to many homeowners in trouble, than banks are. One of them, mortgage-bond trader Lewis Ranieri, has developed a method to keep troubled... Continue Reading »

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