Market Data

The number of U.S. mortgages classified as underwater - where the home is worth less than the amount owed on the mortgage - fell in the second quarter, driven by a greater number of foreclosures. The number of single-family homes with negative equity mortgages fell to 21.5% in the second quarter, from 23.3% in the first quarter, according to the Zillow Real Estate Market Reports. "While fewer... Continue reading Number of U.S. Mortgages Underwater Fell in Second Quarter Number of U.S. Mortgages Underwater Fell in Second Quarter originally appeared on DailyFinance on Mon, 09 Aug 2010 06:48:00. Filed Under: Economy , People , Investing , Real Estate , Credit Permalink | Tweet this! | Comments