Deutsche Sees 48% of All US Mortgages Underwater in 2011

Of prime conforming loans, 41 percent will be "underwater" by the first quarter of 2011, up from 16 percent at the end of the first quarter 2009, it said. Forty-six percent of prime jumbo loans will be larger than their properties’ value, up from 29 percent, it said.

 · The percentage of U.S. homeowners that owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March as home prices continue to fall, Deutsche.

PHH Home Loans promotes Kevin McGarrity to Northeastern regional executive PHH Home Loans, a joint venture between PHH Mortgage and Realogy Holdings Corp, announced that the company promoted Kevin McGarrity into the role of regional executive for the Northeastern region..

The percentage of U.S. homeowners that owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March as home prices continue to fall, Deutsche.

RealtyTrac: Foreclosure activity picked up in 120 metros Home RealtyTrac: Many states witness housing reboot as foreclosure. Many states witness housing reboot as foreclosure activity rises.. foreclosure activity picked up in 120 metros. All told, foreclosure activity jumped in 149 of the country’s 206 largest metropolitan areas last year, foreclosure listing firm realtytrac Inc. said Thursday.

 · The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday. Home price declines will have their biggest impact on prime "conforming" loans that meet underwriting and size guidelines of Fannie Mae and Freddie Mac, the.

Government Short Term Investment Fund. Benchmark ICE BofAML US 3M Trsy Bill TR USD Overall Morningstar rating morningstar return morningstar risk qqq Average Low Rated against 102 Short Government funds. Investment Strategy The Fund seeks to provide safety of principal, a high level of liquidity, and a competitive yield by investing.

Fannie Mae delays foreclosures 45 days for Hardest Hit Fund programs The start of the Oregon program to refinance private-label loans, those not guaranteed by Fannie Mae or Freddie Mac. The Oregon refinancing program uses funds from the Hardest Hit Fund, established.

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