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Reuters: One in five homeowners with mortgages under water

Started by NaDiNe, November 03, 2008, 10:38:01 AM

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NaDiNe

One in five homeowners with mortgages under water
      


NEW YORK (Reuters) - Nearly one in five U.S. mortgage borrowers owe more to lenders than their homes are worth, and the rate may soon approach one in four as housing prices fall and the economy weakens, a report on Friday shows.</p><div class="feedflare">
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