7 Articles
7 Articles
3 US States Register High Share of ‘Seriously Underwater' Mortgages: Report
Louisiana, Kentucky, and Mississippi topped the list of states with the highest share of “seriously underwater” mortgages—properties with loan balances exceeding their market value by at least 25 percent—real estate analytics company ATTOM said in a June 20 statement. In Q1 2025, 2.8 percent of mortgages nationwide were classified as being seriously underwater, up from 2.5 percent in Q4 2024. “Louisiana remains the state with the highest percent…
Percent of Properties Seriously Underwater by State for 1st Quarter 2025
Industry Update June 20, 2025 Source: ATTOM ATTOM’s latest data on the proportion of seriously underwater mortgages for the first quarter 2025 show that the percentage of seriously underwater homes nationwide remained relatively steady nationally and increased from 2.5% in the fourth quarter of 2024 to 2.8% in the first quarter of 2025. Although a 0.4% increase, the finding compares favorably to the 6.6% rate that was reported in the first quart…
Vernon BS sees major uptick in RIO mortgages – Mortgage Strategy
Vernon Building Society has reported a 158% increase in its retirement interest-only (RIO) mortgages from Jan to May 2025 compared to the same period in 2024. According to the society,the trend for retirees to access the wealth tied up in their property to fund retirement or help children onto the housing ladder, via
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