Nearly 20% Of U.S. Mortgages In Negative Equity

31 Oct 2008

More than 7.5 million or 18% of single-family residential mortgages were in a negative equity position at the end of September 2008, said First American CoreLogic today in a report.

--Leela Parker

More than 7.5 million or 18% of single-family residential mortgages were in a negative equity position at the end of September 2008, said First American CoreLogic today in a report. A negative equity position is reached when the amount of mortgage debt outstanding is greater than the ...

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