Baton Rouge Real Estate Appraisers

Archive for August, 2009

About Half of US mortgages underwater by 2011

“NEW YORK (Reuters) – 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 bank said in a report. Prime conforming loans make up two-thirds of mortgages, and are typically less risky because of stringent requirements.”
To read

Your Comments?

Greater Baton Rouge Real Estate Videos | Facebook – Welcome to the official Facebook Page of Baton Rouge Real Estate Videos By Greater Baton Rouge Home Appraiser, Bill Cobb, CREA. Get exclusive content and interact with Baton Rouge Real Estate Appraisers right from Facebook.

Be sure to also visit the Baton Rouge Real Estate FHA Home Appraisers Accurate Valuations Group Facebook Business Page