Third of recent buyers owe more than home's value: report
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More than 30 percent of U.S.  homeowners who bought in the last two years owe more on their  mortgage than their house is currently worth, a housing market  research company said on Tuesday.
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Mortgage lending data show a sharp increase in the use of higher-priced ÂnonprimeÂ mortgages for home purchases in 2005 over a year earlier.
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The number of Americans facing the loss of their homes soared 75% last year, according to a report.
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The squeeze on home buyers' finances is highlighted by TUC and the Royal Institution of Chartered Surveyors reports.
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The homeowners who signed these mortgages must be held accountable somehow ("State to refinance troubled mortgages," July 11). Yes, the mortgage companies may have taken advantage, but if the homeowners had hired an attorney or did their homework, there wouldn't be a problem. This is like rewarding stupidity.
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The homebuilder reported a third-quarter loss of $513.9 million, hurt by falling home prices and hefty charges to write down land values.
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U.S. homeowners increasingly failed to keep up with their home loan payments in November, as the number of foreclosure filings surged 68 percent nationwide compared with the same month a year ago, according to a mortgage research company
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Whether you're a home seller, owner or buyer, by this point you've got to be feeling a little rattled. The bad news about the housing market seems never ending: Foreclosures have more than doubled over the past year.
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The finances of first-time home buyers are being stretched to record levels by rising house prices.
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There's an anxious face-off between sellers and buyers of homes as expectations of big profits fade
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The share of homes owned but empty  edged back up in the third quarter toward a record set earlier  this year, the Census Bureau said on Friday, another sign of  weakness in the housing sector.
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Soaring U.S. home values in the first five years of this decade have left homeowners feeling flush, but housings costs also have risen sharply, cutting into stagnant incomes, Census Bureau data show.
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The percentage of mortgages entering foreclosure rose to a record level during the three months that ended June 30, according to a survey released today.
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As mortgage defaults rise, more houses are being put up for auction -- and more people are seeing a chance to make big bucks. But there are risks
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Business & money: Analysts fear worse figures are on the way after lenders repossess 27,000 homes
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Late payments on U.S. mortgages  increased in the fourth quarter to their highest level in three  and a half years and foreclosures rose, driven by subprime  borrowers with weak credit, the Mortgage Bankers Association  said on Tuesday.
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U S foreclosure filings surged 90 percent in May from a year earlier as more homeowners fell behind on their monthly mortgage payments, RealtyTrac Inc. said.