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IPFS News Link • Housing

One in five U.S. mortgage borrowers are underwater

• Reuters
One in five U.S. homeowners with mortgages owe more to their lenders than their properties are worth, and the rate will increase as housing values drop in states that have so far avoided the worst of the crisis, a new study shows.

1 Comments in Response to

Comment by Powell Gammill (1004)
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Gosh, hasn't Jack been posting articles all along indicating this...what this is news?