Deutsche Sees 48% of All US Mortgages Underwater in 2011

A recent report from cites a Deutsche Bank analysis that estimates "25 million borrowers, representing 48% of all Americans with mortgage loans" will owe more than their house is worth by 2011. Other estimates have been similar.

Jacob Gaffney named editor-in-chief at HousingWire

According to Bloomberg News, Deutsche Bank analysts expect U.S. home prices to fall through the first quarter of 2011. Prices will fall an additional 14 percent, on average, the bank says. It says 48.

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Nearly half of U.S. mortgages seen underwater by 2011. Published: Aug 6, 2009 11:51 a.m. BOSTON (MarketWatch) — An estimated 25 million homeowners, or 48% of those with mortgages, will owe more on the loan than the house is worth by the first quarter of 2011, according to an analysis by deutsche bank released this week.

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Related. By the end of March 2011, Deutsche Bank projects, 65% of borrowers in the Chicago metro area, 71% of those in the Baltimore and Portland, Ore., areas, and 77% in greater New York City will be underwater. On paper, that might look a lot better than the 93% Deutsche Bank is expecting for Fort Lauderdale, Fla., and the 92% figure for El Centro,

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(Newser) – Nearly half of US homeowners will owe more than their house is worth by 2011, Deutsche Bank analysts said yesterday, predicting that the number of such "underwater" mortgages.

For all mortgages, the estimate is 48%. A comparison of current data to the Deutsche Bank estimates is shown in the following table: Many mortgages that are underwater do not result in defaults.

RUSH: ‘The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, tending another blow to the housing market said the.

Of prime conforming loans, 41 percent will be "underwater" by the first quarter of 2011, up from 16 percent at the end of the first quarter 2009, it said. Forty-six percent of prime jumbo loans will be larger than their properties’ value, up from 29 percent, it said.

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