Five More U.S. Banks Are Seized, Pushing Total for Year to 89 Bloomberg News, September 5, 2009 Lenders in Illinois, Iowa, Missouri and Arizona collapsed, pushing the number of bank failures to 89 this year amid continuing fallout from the worst economic...
As home prices continue to decline nationwide, many homeowners find themselves with negative equity, owing more on their loans than their houses are worth. Negative equity, or being “underwater,” exposes borrowers to foreclosure because they...