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

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