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Loan Modification

: Loan Modification & Home Loan News

Mortgage Holders Owing More Than Homes Are Worth Rise to 23%

By Moe Bedard

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May 10 (Bloomberg) — More than a fifth of U.S. mortgage holders owed more than their homes were worth in the first quarter as repossessions climbed to a record, according to Zillow.com. Twenty-three percent of owners of mortgaged homes were underwater during the period, up from 21 percent in the previous three months, the Seattle-based property [...]

Full post as published by Loan Modification & Home Loan News on May 10, 2010 (boomark / email).

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