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...mortgage, a homeowner can't sell and pay off his debt. If a house becomes unaffordable - because of job loss, say, or an adjusting mortgage interest rate - the homeowner is trapped. Underwater borrowers are more likely to default on their mortgages than those with positive equity. (See a chart showing metropolitan areas with the highest percentage of underwater borrowers...
...following text appears within a chart. Please see hardcopy or PDF for actual chart...
...following text appears within a chart. Please see hardcopy or PDF for actual chart...
...following text appears within a chart. Please see hardcopy or PDF for actual chart...
...following text appears within a chart. Please see hardcopy or PDF for actual chart...