Nearly One In Four Borrowers Underwater
Admin | November 24, 2009
November 24, 2009
Nearly One In Four Borrowers Underwater
(Dow Jones) The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery.
Nearly 10.7 million households had negative equity in their homes in the third quarter, according to First American CoreLogic, [...]
