Monday, August 9, 2010

Fewer borrowers are underwater on mortgages

"More than 20% of the nation's mortgage borrowers owe more than their homes are worth.

At 21.5% for the third quarter, it is a small improvement over the previous quarter, when 23.3% of loans were underwater, according to real estate website Zillow.com."

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Fewer borrowers are underwater on mortgages

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