w********9
发帖数: 8613 | 1 http://online.wsj.com/article/SB1000142405270230490600457636984
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Almost 40% of homeowners who took out second mortgages—extracting cash from
their residences to cover everything from vacations to medical bills—are
underwater on their loans, more than twice the rate of owners who didn't
take out such loans.
WSJ's Robbie Whelan reports nearly 40% of homeowners who have a second
mortgage--that is, they owe more than their home is worth. Photo: Mark
Rulston/AFP/Getty Images
.
The finding, in a report to be released Tuesday by real-estate data firm
CoreLogic Inc., illustrates the consequences of easy borrowing amid the
housing boom's inflated prices. The report says 38% of borrowers who took
cash out of their residences using home-equity loans are underwater, or owe
more than their home is worth. By contrast, 18% of borrowers who don't have
these loans were underwater.
It's not clear how much cash withdrawn from homes during the boom was used
to acquire luxuries such as expensive automobiles, and how much went to
basic necessities, including tuition expenses, or renovations intended to
raise a property's value.
What is clear is that home-equity loans, which account for about 10% of the
U.S. mortgage market, have been a headache for homeowners and lenders alike.
Second mortgages refer to any loan taken out on a property that is
subordinate to the first mortgage, and include home-equity loans or lines of
credit.
Second mortgages are weighing on a fitful recovery, in which housing has
figured as particularly weak spot. The S&P/Case-Shiller National Index last
week showed that home prices tumbled 4.2% nationwide in the first quarter,
its third straight quarter of price declines after a modest recovery in
early 2010. Nationwide, prices have fallen 34% since their peak in 2006. The
inventory of unsold homes will take 9.2 months to sell, the National
Association of Realtors said recently, about 50% higher than what is
considered a healthy level.
.
"When a homeowner's house is underwater, "it's harder to get a credit card
or a car loan, you can't put your home up for a small business loan," said
Mark Zandi, chief economist at Moody's Analytics. "There are all sorts of
little, pernicious effects that you don't necessarily think about."
CoreLogic found that borrowers with second mortgages had deeper levels of
negative equity—an average of $83,000 compared with $52,000—than borrowers
without second mortgages. In many cases, borrowers withdrew cash from their
properties using home-equity loans or lines of credit, a type of second
mortgage. The CoreLogic report doesn't include cash-out refinancing, a
common practice during the boom, where borrowers opted to extract cash while
refinancing their first mortgage.
“”“”“”“”“”“” | w********9
发帖数: 8613 | 2 与形势有关的。
http://economy.ocregister.com/2011/06/06/calif-jobless-33-out-a
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Nearly three-quarters of a million people in California who were unemployed
in April had been out of work a year or more, according to the state
Employment Development Department. It is the only category of unemployment
based on time out of work that increased year-over-year.
The EDD says another 431,000-plus people have exhausted their 99 weeks of
unemployment benefits. It is not known how many of those have since found
work.
New data released by the EDD show that as California continues to struggle
to turn around, the workers who have been out of work the longest are having
the most difficulty finding jobs.
Previously, the best data available about long-term unemployment were for
those out of work more than 26 weeks. That’s when the standard state-
funded unemployment benefits end. The state now is parsing those long-term
numbers a little more, providing data on those unemployed a year or more.
As of April, 726,000 or 33.1% of the state’s 2.2 million jobless had not
worked for 52 weeks or more. That is up from 23.5% of the total in April
2010. Those unemployed five to 14 weeks placed a distant second this year at
449,000.
Traditionally, it’s usually the newly laid-off that makes up the biggest
category of unemployed. In April, those who had been off the job less than
five weeks were just 17% of the total of those out of work, down from 19%
last year.
The statewide unemployment rate edged down to 11.9% in April, the first time
under 12% since August of 2009, but California’s jobless rate still was
second highest in the country after Nevada’s 12.5%.
“”“”“”“”“”“”“” | m****a
发帖数: 1257 | 3 second mortgages = 第二房屋??
你是转的还是自己翻的？是无知还是故意扭曲词义啊。
from
【在 w********9 的大作中提到】
: http://online.wsj.com/article/SB1000142405270230490600457636984
: “”“”“”“”“”“”
: Almost 40% of homeowners who took out second mortgages—extracting cash from
: their residences to cover everything from vacations to medical bills—are
: underwater on their loans, more than twice the rate of owners who didn't
: take out such loans.
: WSJ's Robbie Whelan reports nearly 40% of homeowners who have a second
: mortgage--that is, they owe more than their home is worth. Photo: Mark
: Rulston/AFP/Getty Images
: .
| w********9
发帖数: 8613 | 4 。。。 and sentiment
http://finance.yahoo.com/news/Home-price-bargains-coming-cnnm-2
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"summer clearance sale," 。。。
Home prices have already reached their lowest level since the housing bubble
burst, and are now at 2002 levels.。。。
Many banks had slowed foreclosure proceedings until they made sure that
paperwork was in order. That put hundreds of thousands of homes into
foreclosure limbo: Borrowers were no longer making payments in many cases,
but were allowed to remain living in the homes.。。。
Even if we're at or near the bottom, buyers are unlikely to see prices rise
much if they wait.
“”“”“”“”“”“”“ | w********9
发帖数: 8613 | 5
对不起。真的是我无知。我从来没想到过自己要用mortgage，以为是象我知道的人那样
买第二房屋。
【在 m****a 的大作中提到】
: second mortgages = 第二房屋??
: 你是转的还是自己翻的？是无知还是故意扭曲词义啊。
:
: from
| w********9
发帖数: 8613 | 6 在全美，销售房屋里也是40%在亏。
http://www.theepochtimes.com/n2/business/us-housing-market-in-s
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A recent survey by RealtyTrac disclosed that more than half of the survey respondents are pessimistic and don’t see an improvement in home values until 2014. Within 6 months, opinion turned significantly. During the prior survey, administered around mid-2010, almost half of those surveyed expected a real estate recovery by 2012.
“Our survey reflects a growing perception among potential homebuyers that the housing recovery is still a long way off. … Demand remains weak, loans are increasingly difficult to qualify for, and the shadow inventory of several million distressed properties is weighing down the market,” opined Rick Sharga, senior vice president at RealtyTrac.
”“”“”“”“”“” | w********9
发帖数: 8613 | 7 我没有去查出处。
http://www.doctorhousingbubble.com/housing-apocalypse-tomorrow-
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As of April with the latest data close to 6.4 million loans are delinquent
or in foreclosure. This is a massive number of homes. What is downright
disturbing of the 2.2 million homes in foreclosure you have 675,000 homes (
31 percent of the pool) that have not made a payment in over two years.
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我也只是几个月才看一下，各方面的信息很多，懒得看下去了。 |
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