underwater mortgage statistics

Underwater Mortgage Statistics

Underwater Housing Mortgage Statistics Data
Percent of home owners who have negative equity on their home mortgage 13.2 %
Number of borrowers who owe more than their home is worth 11,821,000
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 mortgage 20 %
States With the Highest Percentage of Mortgages Underwater Percent of Homes
Nevada 25.5 %
Florida 24.1 %
Illinois 23 %
Rhode Island 22.4 %
Michigan 21 %
Ohio 20.8 %
Connecticut 20.3 %
Missouri 19.5 %
Maryland 18.4 %
Arizona 18 %
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

A large number of Americans are underwater on their home loan, meaning, they owe more money on their loan than their home is worth. Included are the top states by percent of home loans underwater.

Statistic Verification
Source: National Association of Realtors, Federal Reserve Bank
Research Date: October 25th, 2015

Questions: How many us mortgages are underwater ? what percent of us home mortgages that are underwater ? what percentage of americans are upside down or underwater on their home loan mortgages?