Relevant:
- Nearly 25 Percent of Homes in Q3 Are Underwater
- U.S. Homeowners ‘Underwater' on Mortgages Drop as Foreclosures Increase
- Number Of Underwater Mortgages Rises As More Homeowners Fall Behind
- CoreLogic Reports 700,000 Homes Emerge from Negative Equity
- More Foreclosures Means Fewer Underwater Borrowers
2009-03-04 — housingwire.com
"More than 8.3 million U.S. mortgages or 20 percent of all mortgaged properties were in a negative equity position at year-end 2008, according to data released by First American CoreLogic Wednesday. This is compared to the 7.6 million or 18 percent of borrowers who were underwater at the end of the third quarter."
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