More than 10% of Recent Homebuyer Loans are Slipping Underwater

National Mortgage News, Apr. 7, 2023–Bonnie Sinnock (subscription)
More than 11% of borrowers who took out loans to buy houses last year had properties worth less than the debt on them in February. A little over 8% of purchase loans from 2022 had negative equity when Black Knight analyzed this group of consumers late last year.
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