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Underwater Mortgages May Reach 30%, Zillow Says

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Currently, almost 25% of U.S. mortgage holders owe more on their homes than they are worth, Zillow says. According to Bloomberg, a report from Deutsche Bank is even more dire: "The percentage of people owing more than their properties are worth may increase to almost half of U.S. mortgage holders before the housing recession ends, Deutsche Bank AG said." 
SOURCE:   Bloomberg