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A recent article mentioned that 250,000 who took out a mortgage this year are upside down on their mortgage. This means that they owe more that the home is worth. This accounts for 8% of mortgages taken out this year, or 1 in 12 mortgages. The article also mentions that 25% of borrowers with government backed mortgages such as the FHA Loan or VA Loan are also underwater.
In this episode, I discuss what this means for investors, my personal opinion on this data and more.
Highlights
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The guys have returned to club gas and brought with them fan-favorite whitesoxSC to talk all things women this show but to keep the guys in check we have a […]
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