Real estate
fromSFGATE
6 days agoHomeowners Facing Underwater Mortgages Again-5 Key Takeaways
Homeowners in Texas and Florida are experiencing localized negative equity, with values lower than mortgage amounts, known as being "underwater."
The current situation is less severe than the 2008 crisis, limited to a few markets with under 8% affected homeowners.Changes in lending standards since 2008 have led to borrowers having higher credit scores and larger down payments.