Underwater Mortgage Statistics
Statistic Verification
Source: National Association of Realtors, Federal Reserve Bank
Date Verified: 2.23.2012

Underwater Housing Mortgage Statistics Data
Percent of mortgages on which borrowers owe more than their home is worth 22 %
Number of borrowers who owe more than their home is worth 10.7 Million
Number of unsold homes in the U.S. 2.5 Million
States With the Highest Percentage of Mortgages Underwater  
Nevada 58 %
Arizona 47 %
Florida 44 %
Michigan 35 %
Georgia 30 %
California 30 %
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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