According to a recent newspaper article (Arkansas Democrat Gazette, Friday, June 24, 2011, Business and Farm), 10.1 percent of mortgages on Arkansas homes were underwater earlier this month. The article quoted CoveLogic, a California-based company that keeps track of those numbers. According to their figures, there were 243,134 mortgages in the state with over 24,000 of them in this condition.
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Opinion, Pages 4 on 06/29/2011
Print Headline: ‘Underwater’ mortgages hobble the economy