Tuesday, January 5, 2010

20 Million Mortgages Underwater

23% of Homeowners owe more on their mortgages than the Properties are worth WSJ

About 588,000 Borrowers defaulted on mortgages in 2008 WSJ
25% of Mortgages are underwater nationwide , 45% in Florida
Democratic strategist Julian Epstein and Republican strategist Trent Duffy debate whether reducing the principal on troubled mortgages is fair.










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