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Nearly 20% Of Homeowners Owe More On Mortgage Than Their Homes Are Worth

Underwater

First Posted: 06/05/09 06:12 AM ET Updated: 05/25/11 02:20 PM ET

Wall Street Journal:

UPDATE: [This Wall Street Journal story has been updated from an earlier version due to a clerical error on the part of the group that conducted the study.]

The downturn in home prices has left nearly 20% of U.S. homeowners owing more on a mortgage than their homes are worth, according to one new study, signaling additional challenges to the Obama administration's efforts to stabilize the housing market.

Read the whole story: Wall Street Journal

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Filed by Marcus Baram  |