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One in Four Borrowers Under Water

Reposted from: http://www.economicpolicyjournal.com/2009/11/one-in-four-borrowers-under-water.html

November 24, 2009 @ 10:14 am

The proportion of U.S. homeowners who owe more on their mortgages than the properties are worth has swelled to about 23%, threatening prospects for a sustained housing recovery.

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Contributor: Economy, What Really Happened