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Deutsche Sees 48% of All US Mortgages Underwater in 2011

 · Fortune talks with Deutsche Bank about their prediction that 48% of U.S. mortgage owners will end up owing more than their home is worth by 2011.. could be underwater by 2011, says Deutsche.

California pending home sales drop for the first time in a year and a half C.A.R.’s Pending Home Sales Index (PHSI)* rose 4.3 percent from a revised 115.2 in September to 120.2 in October, based on signed contracts. Pending sales were up 3.6 percent from the 116.1 index recorded in October 2011. Pending home sales are forward-looking indicators of future home sales.

According to a new report put out by Deutsche Bank, half, or approximately 25 million homeowners will be underwater with their mortgage by 2011, the year in which Deutsche Bank expects home prices to finally stabilize.

Why foreclosure filings are falling in California California had the highest total number of filings for any state, 523,624, more than double 2007 levels. stockton, Calif. had the highest rate of foreclosures of any metropolitan area, at 9.5%.

Business Loan/Lease Indemnification.. The Federal Home Loan Bank reports that over it’s many years it has determined the major cause of mortgage loan foreclosures is disablement of the mortgagee; 48% vs.. 3% due to death.

Deutsche bank analysts karen weaver and Ying Shen said home price declines will have the biggest impact on prime conforming loans, which make up roughly two-thirds of all mortgages. Of these types of loans , 41 percent will be upside down by the first quarter of 2011, up from 16 percent at the end of the first quarter of 2009.

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If there are 130 million housing units in the United States (rental. please note that Deutsche Bank issued a report in early August saying that 48% of all mortgages would be worth more than their.

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In previous housing busts, being underwater led to a greater likelihood of default, and Weaver believes this the foreclosure problem will be much worse this time around. In a recent report, Weaver analyzed all the various kinds of mortgages in the US and estimated that 48% of them would be underwater by 2011.

(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.

Almost half of US property owners could face negative equity by 2011.. in negative equity in the first quarter of this year and predicts that will rise to 25 million by the first quarter of 2011, some 48% of all mortgage holders in the US.. By 2011, Deutsche predicts 89% of option ARM.

underwater-on-mortgages. Deutsche Bank predicts that 48% of American homes could have negative equity by the end of 2011. Mortimer B. Zuckerman.