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Loan Modification

: Mortgage Lender Implode-o-Meter

Negative Home Equity Surges, Weighing on Housing Recovery

By Implode-Explode Heavy Industries

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``The number of borrowers who owe more on their mortgages than their homes are worth took a huge leap in the fourth quarter of 2010. A full 27 percent of borrowers are now ?underwater? on their mortgages, up from 23 percent in the previous quarter, according to a new report from Zillow. Foreclosure moratoriums and falling home prices are to blame.''

Full post as published by Mortgage Lender Implode-o-Meter on February 09, 2011 (boomark / email).

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