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

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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 at Wall Street Journal

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