New Hope for Underwater Homeowners

Given the consistently good news we’ve seen from the housing market, it can be easy to forget just how much damage the bursting of the real estate bubble has wrought on the economy and the lives of average people across the country. According to analytics firm CoreLogic, 10.8 million homeowners remain underwater (meaning they owe more on their mortgages than their homes are worth), representing 22% of all mortgages in the country.