Tag Archives: principal reductions

‘Underwater’ Mortgages Decline, but Housing Is Still Hurting

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By: Stephanie Dhue CNBC Real Estate Producer Published: Thursday, 23 Aug 2012 | 12:00 AM ET The number of homeowners “underwater” on their mortgages fell in the second quarter, according to a new report by the online real estate firm … Continue reading →

Ohio Homeowners Look for Answers in Continued Housing Crisis

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August 23, 2012 Mary Kuhlman, Public News Service - OH COLUMBUS, Ohio - The housing bubble may have burst several years ago, but many Ohio communities continue to suffer the effects of the foreclosure crisis. An estimated one-third of all … Continue reading →

Cautious Moves on Foreclosures Haunting Obama

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The New York Times By: Binyamin Appelbaum Monday, August 20, 2012 WASHINGTON — After inheriting the worst economic downturn since the Great Depression, President Obama poured vast amounts of money into efforts to stabilize the financial system, rescue the auto industry … Continue reading →