Thursday, 26 April 2012

Insight: Falling home prices drag new buyers under water

(Reuters) - More than 1 million Americans who have taken out mortgages in the past two years now owe more on their loans than their homes are worth, and Federal Housing Administration loans that require only a tiny down payment are partly to blame.

Source: http://feeds.reuters.com/~r/Reuters/domesticNews/~3/3kl-wfPtxts/us-usa-housing-negative-idUSBRE83P12E20120426

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