Deutsche Sees 48% of All US Mortgages Underwater in 2011

Half Of All U.S. Mortgages ‘Underwater’ By 2011: Deutsche Bank Jody Shenn bloomberg.com Aug. 5 (Bloomberg) — Almost half of U.S. homeowners with a mortgage are likely to owe more than their properties are worth before the housing recession ends, Deutsche Bank AG said.

BOSTON (MarketWatch) — An estimated 25 million homeowners, or 48. will be underwater by the first quarter of 2011. "The impact of this is significant given that these markets have the largest.

CEO bailouts? How about the homeowners? According to data from First American CoreLogic, about 15.2 million U.S. mortgages, or 32.2% of all mortgaged properties, were in a "negative equity" position in June 2009. More pessimistically, the expected percentage of "underwater" loans may rise to 48% or 25 million homes according to a study released by Deutsche Bank earlier this year.

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The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market.

However, according to Deutsche Bank’s projections, a second wave of upside borrowers is about to hit, and this time prime borrowers will account for the bulk. As of the end of March, the bank estimated that 16% of prime borrowers with conforming loans were underwater. By the end of March 2011, some 41% are projected to be.

The sale of properties repossessed through foreclosure may not peak until 2013, keeping home prices from a meaningful recovery for some time, analysts estimated Monday. Nearly half of the more than 552,000 reo properties liquidated in the first half of 2011 were held by private banks.

 · 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.

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A recent report from CNNMoney.com 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.

 · 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.

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