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About half of U.S. mortgages seen underwater by 2011

Posted By: Joshua Dorkin, over 2 years ago (Report Spam)
Category: Mortgage & Lending / Type: News
Source: news.yahoo.com

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.