Half Of All Mortgage Holders Expected To Be Underwater -- Time Magazine
If you're not already underwater on your mortgage, there's a decent chance you will be. According to a new report from Deutsche Bank, up to 25 million American homeowners could eventually owe more than their house is worth. That would account for 48% of all mortgage holders.
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MIDDLE EAST
'Stormy' start to Fatah's historic summit.
Iranian opposition protests Ahmadinejad inauguration.
US wants 'year-long Israeli settlement freeze'.
Turkey seeks end to Kurdish conflict.
Iraq’s Government orders barriers removed.
ASIA
Korean victims mark atomic bomb anniversary.
Eroding rural base threatens to topple Japanese party’s long rule.
Chinese prosecutors say 83 to face charges over Xinjiang riots, 718 detained.
Tamil Tiger 'leader' arrested in Thailand.
Political overtones surround Aquino funeral.
Attack on Christians a further crisis for Pakistan.
AFRICA
Survivors of south Sudan massacre short of food: U.N.
ANALYSIS-Poverty, anger fuelled Nigerian sect uprising.
Clinton threatens Eritrea action.
Clinton vows U.S. help in war on al Qaeda in Somalia. US to double arms, ammunition aid to Somalia: official.
U.S. warns Kenya on human rights. 'Dont' lecture us' Kenyan PM tells US as Hillary Clinton begins Africa tour.
Situation in Darfur stabilizing: outgoing UN-AU force chief.
EUROPE
Russia and Georgia in verbal war. On war's anniversary, Georgia, Russia vie in media.
Thousands turn out for funeral of last WWI trench soldier.
Turkey and Russia strike deal allowing pipeline.
French government cracks whip at banks over bonuses.
Irish gov't loses parliament majority as 2 quit.
AMERICAS
Drug killings soar as Obama heads to Mexico summit. Funds may be delayed for Mexico's anti-drug effort.
Venezuela to buy Russian arms, tanks: Chavez.
What does Hugo Chavez really want all those tanks for?
Obama's approval rating drops to 50 percent, poll shows.
NOAA cuts hurricane forecast, cites El Nino.
TERRORISM/THE LONG WAR
White House: 'War on terrorism' is over.
Indian court sentences 2003 Mumbai bombers to death.
Afghan and US forces destroy Haqqani Network training camp in Khost.
Somalia joins the threat to global security.
ECONOMIC/FINANCIAL CRISIS
US food stamp list tops 34 million for first time.
Oil price hits $76, highest since October.