Underwater mortgages rise as U.S. home prices fall – The Globe and Mail
Filed Under Main Content · Tagged: Globe And Mail, Globe Mail, Housing Market, Mortgages, Rose, U S Home
The number of Americans who owe more on their mortgages than their homes are worth rose at the end of last year, preventing many people from selling their homes in an already weak housing market.
Underwater mortgages rise as U.S. home prices fall – The Globe and Mail
Metro Seattle homes weighed by negative equity
Filed Under Main Content · Tagged: Business Metro, Canada Business, Canada Homes, Marketplace, Metro Seattle, Mortgage, Mortgages, Negative Equity, Real Estate, Seattle Area, Seattle Homes, Single Family
The latest U.S. housing figures show that 34.3 per cent of all single-family homes in the Seattle area are negative equity mortgages where the home is worth less than the amount owing on the mortgage, according to Zillow.com, an online real estate database and marketplace.
Metro Seattle homes weighed by negative equity
Three ways to capitalize on a sluggish housing market
Filed Under Main Content · Tagged: Billions Of Dollars, Extent, Foresight, Globe And Mail, Handful, Housing Market, Investments, Investors, Mortgages, Property Boom, Three Ways
The Globe and Mail- As the U.S. housing sector crashed, a handful of investors made billions of dollars because they had the foresight to short the market.
They were able to cash in because most of the mortgages issued during the U.S. property boom were repackaged and resold to other investors. Owners of the investments were willing to lend them out to be sold short, because they didn’t understand the extent of the crisis to come…
Three ways to capitalize on a sluggish housing market – The Globe and Mail
The ideal crime? -Mortgage fraud is easy, common and lucrative. And in Canada, more often than not, it is left unchecked
Filed Under Main Content · Tagged: Bank Montreal, Bank Of Montreal, Canada, Fraud Scheme, Ideal, Internal Investigation, Irregularities, Lawyers, Mortgage Brokers, Mortgage Fraud, Mortgages
Macleans- Several years ago, the Bank of Montreal first noticed what it described as “irregularities” in some mortgages sold in Alberta. After conducting an internal investigation, it quietly launched a lawsuit last year that alleged a massive mortgage fraud scheme involving hundreds of people, ranging from lawyers to mortgage brokers and four of the bank’s own employees…
