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Message
re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US
Posted on 5/9/24 at 10:25 am to Areddishfish
Posted on 5/9/24 at 10:25 am to Areddishfish
quote:
homes carried loan balances at least 25% more than their market value
That must include HELCs (approved with some squirrely appraisals). Prices have not dropped enough for 1st mortgages to be at 125% LTV.
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