Homeowners With Second Mortgages Twice As Likely To Be Underwater

The Huffington Post News Editors, Huffington Post
Tue, 06/07/2011 - 8:55am

Having one mortgage is hard enough amid a historic housing slump, but Americans with two mortgages have it even harder.Homeowners who treated their homes as ATMs by taking out a second loan are more than twice as likely as single-mortgage homeowners to owe more on their home than it's worth, the Wall Street Journal reports.

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Topics:  americans   atms   wall street journal   wsj   corelogic   zillow   citibank   homeowners   mortgages   underwater   percent   homes   borrowers   
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