Posted
6:14 PM
by Gene
Here's a charming figure: one in four mortgaged homes may end up "underwater".Here's another:
Seven hard-hit states -- Arizona, California, Florida, Georgia, Michigan, Nevada and Ohio -- had 64 percent of all "underwater" borrowers, but just 41 percent of U.S. mortgages.Two Rust-Belt states and five states in smiley-faced Mallopia. It's a wonder more people don't owe.