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U.S. underwater mortgages down slightly in 3Q: CoreLogic

Posted on 30 November 2011

U.S. homeowners with mortgages worth more than the value of their homes decreased slightly in the third quarter, according to a report from CoreLogic.
Nationwide, 10.7 million properties were worth less than their mortgages, known as underwater or negative equity. Those properties comprised 22.1 percent of all properties with a mortgage, a slight decrease from 10.9 million homes, or 22.5 percent, in the second quarter………………………………………..Full Article: Source

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