The Washington Independent

Saturday, February 11th, 2012

Posts Tagged underwater homes

Freddie Mac Shames Strategic Defaulters, Asks Them to Reconsider

By | 05.10.10 | 8:57 am

On mortgage giant Freddie Mac’s blog, “Featured Perspectives,” executive Don Bisenius takes on strategic defaulters — underwater mortgage-holders (that is, homeowners who owe more on their mortgage than their home is worth, meaning that if they sell their house they will still owe the bank money) who chose to More…

Report: Nearly One in Four Homeowners Underwater

By | 08.12.09 | 12:24 pm

As Congress jousts over the effectiveness of the stimulus package to stir economic activity, it’s worth noting that homeowners — whose troubles are at the root of the economic crisis — continue to struggle. Nearly one-fourth (23 percent) of mortgage-paying homeowners nationwide now owe more on their homes More…