The Government IS the Mortgage Market
May 14, 2010 at 14:13 PM EDT
A few other markers of continued troubles in the housing market for you: First, Zillow reports 23% of homeowners with mortgages were underwater during the first quarter. Nearly one-third of homes sold in March sold for less than the sellers paid. Second: In the first quarter, 96.5% of all new mortgages written were backed [...]