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And not all homeowners with negative equity are deeply underwater.
But they only wound up more deeply underwater.
It's like adding to the mortgage debt of a homeowner who is already deeply underwater".
One concern is that banks will tailor the relief in ways that help them clean up their balance sheets, while leaving many homeowners deeply underwater.
One concern is that banks may have leeway to tailor loan modifications in ways that help them clean up their balance sheets, while leaving many homeowners deeply underwater.
A borrower deeply underwater on his mortgage may have no choice but to default if he loses his job, since a sale would entail a huge loss.
Similar(40)
Private-equity firms are currently dabbling in buying deeply discounted "underwater" mortgages from banks, then restructuring the terms to prevent foreclosure.
In some areas, well over half of mortgages are underwater, many so deeply that people owe forty or fifty per cent more than the value of their homes.
Autonomy, performances and manoeuvrability of underwater vehicles are deeply influenced by the features of their propulsion layouts.
On the final recording, Falcone's kick drum sounds deeply immersed and resonant, as if recorded underwater.
Stick your nose deeply into it, until the nostrils are completely underwater.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com