Friday, June 12, 2015

Underwater mortgages still number 8 million, down from 25.5 million in 2011

From the story here:

"Nearly eight million borrowers, or 15.4 percent of homeowners with a mortgage, still owe more than their homes are worth, according to Zillow. While the numbers continue to improve, about half of those borrowers owe the bank at least 20 percent more than their homes are worth."