‘Underwater’ mortgages decline in the fourth quarter – Fewer South Florida homeowners were hamstrung by "underwater" mortgages at the end of 2014, a new report says. In palm beach county, 41,000 homeowners, or 16 percent of all mortgage holders, owed more.
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You are not currently eligible to refinance under any of the programs specifically designed for underwater borrowers. However, you may be eligible for a loan modification or another program. In most cases, your current servicer is the company you last submitted your mortgage payment to.
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Banks should help more underwater homeowners refinance – The housing market, and the economy as a whole, improved somewhat last year – the fortunes of the two are undoubtedly intertwined – but there’s still plenty of room for both to get better. President.
Refinancing Underwater Mortgage – Refinancing Underwater Mortgage – Visit our site and try out our refinance calculator and you will see how much you could lower your monthly payments on your mortgage loan.
Housing Refinancing Reforms Still Needed – Furthermore, only 7 percent of borrowers that refinanced through the program had mortgages more than 5 percent underwater, indicating that HARP was not benefiting households most in need-those whose.
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