How bad is the residential mortgage picture?
By: Myles, February 24th, 2010
In a word, the residential mortgage picture is: BAD.
As reported by MarketWatch, more than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan (or are “under water”), than their home is now worth, according to a report released February 23, 2010, by FirstAmerican CoreLogic.
More than 10% of […]
Tags: Defaults, Residential Mortgages, Underwater
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