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Home » Store » News » Nearly Half of Borrowers Will be Underwater Before Market Stabilizes, Deutsche Bank Says

Nearly Half of Borrowers Will be Underwater Before Market Stabilizes, Deutsche Bank Says

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A new report from Deutsche Bank concluded that before home prices begin to firm up, 25 million homeowners, or 48 percent of all borrowers, will owe more than their house is worth. While this figure seems astronomical, a new report from First American CoreLogic estimates that 32.2 percent of all mortgages were underwater at the end of the second quarter of 2009...
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