"The number of underwater homeowners grew to 11.1 million, or 22.8% of all mortgaged properties, during the fourth quarter, CoreLogic said Thursday.
The real estate data firm said the number of borrowers in negative equity is back to third-quarter 2009 levels, suggesting more homeowners are struggling with loans that are worth more than their properties.
Comparatively, only 10.7 million properties, or 22.1%, of mortgage homes, were in negative equity in the third quarter of 2011..."
at http://www.housingwire.com/article/number-underwater-homeowners-grows-corelogic?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
The real estate data firm said the number of borrowers in negative equity is back to third-quarter 2009 levels, suggesting more homeowners are struggling with loans that are worth more than their properties.
Comparatively, only 10.7 million properties, or 22.1%, of mortgage homes, were in negative equity in the third quarter of 2011..."
at http://www.housingwire.com/article/number-underwater-homeowners-grows-corelogic?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
