Relevant:
- twice as many underwater homeowners think its okay to walk away from mortgage
- 28 of underwater borrowers are more than 50 underwater
- Dr. Stan Humphries: Getting to Know Underwater Homeowners
- Half of US Prime Mortgage Borrowers could be Underwater
- Strategic Default: Inconceivable Assumptions Suddenly Conceivable
2010-08-05 — housingwire.com
"More than 14m borrowers were underwater as of Q110, owing more on a mortgage than the value of the underlying property. But with a further 10.8% decline in house prices expected relative to Q409 levels, another 6m borrowers are likely fall into negative equity by the end of 2011, according to commentary today by Deutsche Bank."
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