Top 5 cities where safety is not a question

Top 5 cities where safety is not a question

Number one shouldn't be a shocker

Where's Watt?

FHFA scorecard should be marked tardy

Rentership society? Insider trading on Russian sanctions?

What We're Reading: The Good Friday edition
W S
Servicing / The Ticker

Underwater homeowners accept lower wages

/ Print / Reprints /
| Share More
/ Text Size+

People who are underwater on their home mortgages probably will accept "significantly" lower wages than other homeowners, according to a study published this month by the Federal Reserve Bank of Atlanta, Bloomberg reported.

The recent U.S. housing bust left many homeowners with mortgage debt larger than the equity value of their homes, says Fed Bank of Atlanta economist Chris Cunningham and Robert R. Reed of the University of Alabama.

 

Source: Bloomberg
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus