According to First American CoreLogic, one in five borrowers in the US owe more than their property is worth.  Some mortgage professionals express support for principle reductions as the most suitable solution.  Others argue it may cause even deeper and longer lasting damage to the mortgage markets.

Read the full article from Bloomberg Press, written by Elliot Blair Smith at http://www.bloomberg.com/apps/news?pid=20601109&sid=aayr7s9dpgpw&refer=home.

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