Relevant:
- Bernanke: Mortgage Lending an Exception to Improving Picture (No Sh-t Sherlock!)
- Bernanke Calls for Clear Blueprint for Housing Finance System
- Housing Market Threatens U.S. Recovery as Sales Slide Resumes
- Phoenix's Underwater Mortgages Show Weakness in Housing Threatens Recovery
- More Foreclosures Means Fewer Underwater Borrowers
2012-11-16 — charlotteobserver.com
Bernanke said the housing has shown signs of recovery this year. But he said construction activity, sales and prices remain much lower than they were before the crisis. About 20 percent of mortgage borrowers remain underwater, meaning that they owe more on their mortgage than their home is worth
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