Mortgage Loan Report Suggests 1- 5 Homes Underwater from Declining Values

First American Core Logic announced that more than 8.3 million U.S. home mortgages had negative equity as of year-end, compared with 7.6 million just three months earlier.  Another 2.2 million mortgaged owner-occupied properties have homes worth only about 5% more than their debt, so they are approaching negative equity as home values slide. More than [...]

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