(Reuters - 3/1/12) - The share of underwater U.S. homeowners rose in the fourth quarter of 2011 to its highest level since 2009, data analysis firm CoreLogic said on Thursday.
The report showed 11.1 million homes were in negative equity, where the homeowner owes more than the home is worth. That accounts for 22.8 percent of mortgages, up from 10.7 million, or 22.1 percent in the third quarter of last year.OBAMA IS A MISERABLE FAILURE.
OBAMA AND HIS COMRADES AND THEIR SOCIALISTIC POLICIES HAVE UTTERLY FAILED.
VOTE ACCORDINGLY.
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