One-Fourth of Borrowers are Underwater
According to a recent report by research firm First American CoreLogic, more than 23 percent of U.S. homeowners with mortgages owe more on their properties than they are worth. Another 2.3 million homeowners are within 5 percent of being underwater. About 5.3 million U.S. households have mortgages that are at least 20 percent higher than [...]
