underwater mortgage statistics

Underwater Mortgage Statistics

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Underwater Housing Mortgage StatisticsData
Percent of home owners who have negative equity on their home mortgage13.2 %
Number of borrowers who owe more than their home is worth11,821,000
Average number of homes for sale at any given time in the U.S.4,800,000
Percent of U.S. homes that have more than 50% equity in their home mortgage20 %
States With the Highest Percentage of Mortgages UnderwaterPercent of Homes
Nevada25.5 %
Florida24.1 %
Illinois23 %
Rhode Island22.4 %
Michigan21 %
Ohio20.8 %
Connecticut20.3 %
Missouri19.5 %
Maryland18.4 %
Arizona18 %
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Government Mortgage Settlement Breakdown 
Total Settlement$25 Billion
Amount delegated to reduce borrowers' principal$17 Billion
Amount delegated to help underwater borrowers refinance at lower rates$3 Billion
Amount delegated to help state governments prevent foreclosures$2.75 Billion
Amount delegated to help the federal government prevent foreclosures$750 Million
Amount distributed to the states$4.25 Billion
Amount distributed to victims of foreclosure abuses$1.5 Billion
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Statistic Sources & References
Sources: National Association of Realtors, Federal Reserve Bank
Content Author: Statistic Brain

Date research was conducted: March 16, 2017

Underwater Mortgage Statistics

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