by Moe Bedard
The Wall Street Journal reported yesterday that in an interview last year, John Courson, chief executive of the Mortgage Bankers Association of America (MBA), said borrowers who were “underwater” should keep paying their mortgage if they can afford to do so. Defaults hurt neighborhoods by lowering property values.
At the time, he said: “What about the [...]
Read the full article →
by Moe Bedard
With falling housing prices in nearly every market, the questions that homeowners are asking have shifted. Instead of asking “what is my home worth?” they are now asking “Is my home worth it?”
These problems are affecting the entire country, with nearly 1 in 6 homeowners owing more than their home is worth. For homeowners who [...]
Read the full article →
