One in Four Borrowers Is Underwater
Written on 25 Nov, 2009 at 3:37 in ECONOMIC NEWS | viewed 176 times | 0 Comments
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... (Continue reading)
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