How Did We Get Here? Why Underwater Mortgages Are at an All-Time High

Homeowners weren’t supposed to be drowning in a tsunami of underwater mortgages in 2010. Up until 2007, everyone-the government, the economic experts, and certainly the mortgage lenders-told us that property values were supposed to keep rising, not fall so hard! So what happened? Why are 24% of US homeowners dealing with underwater mortgages, with another 5% facing that prospect soon?

Here is the original post:
How Did We Get Here? Why Underwater Mortgages Are at an All-Time High

Tagged as: certainly-the-mortgage, economic, Foreclosure, government, homeowners-dealing, keep-rising, mortgage, prospect-soon, the-economic, the-mortgage, underwater-mortgages, until-2007, values-were