Fewer Mortgages are Underwater
According to the American Banker, 22.7 percent of all residential properties with a mortgage had negative equity on March 31, 2011, down from 23.1 percent on December 31, 2010. The improvement has been attributed to improvements in home values in the markets most affected by the housing economic downturn, including Nevada, Arizona and Florida.
Read the rest of the report at American Banker by clicking here.