CoreLogic: 27% of Homes in Negative or Near Negative Equity Position

Over one-quarter of all mortgaged homes in the U.S. are now either underwater or close to it according to data released today by CoreLogic.   In the third quarter of 201110.7 million homeowners, 22.1 percent of all those with mortgages, owed more on that mortgage than the market value of their homes. This situation arises when prices decline, mortgage debt increases, or a combination of the two.http://www.mortgagenewsdaily.com/11292011_corelogic_negative_equity.asp