Pricing exceptions are widespread in mortgage — and so are the regulatory risks

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7.6 Million Borrowers Underwater on Mortgages: Study 

Oct 31, 2008By

A ground-breaking look at negative equity effects among U.S. homeowners, released Friday morning, paints a staggering picture of just how bruised the national housing market really is. The study, conducted by researchers at First American CoreLogic, paints a troubling picture estimating that 7.62 million borrowers in the U.S. are currently underwater on their mortgages — or 18.3 percent of all properties with a mortgage.

3d rendering of a row of luxury townhouses along a street

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