Homeownership Factoid

Depending on the source, between 24 percent and 31 percent of homeowners with mortgages are underwater, totaling between $700 billion and $1.2 trillion in “negative equity,” the amount above the value of a home an underwater borrower owes. Of the roughly 8 million...

Minority Homeownership Factoid

Roughly 25 percent of African American and Latino borrowers have either lost their homes or are at serious risk of foreclosure today, compared to just 12 percent of their white counterparts. Source: http://www.americanprogress.org