Report: Underwater Mortgages Dip Below Post-Recession Lows

Since the financial crisis of 2008, mortgage delinquencies have steadily decreased. During the peak of the recession, over 30 percent of homeowners owed lenders more than the value of their home. Now, underwater mortgages have dipped below the 10 percent mark, to 9.1 percent, for the first time since the housing crisis, according to Zillow’s recently released 2017 Q4 Negative Equity Report.
Despite the progress, nearly 4.5 million U.S. homeowners are still underwater on their mortgage. The