Economics and Investing:
The Worrying Numbers Behind Underwater Homeowners. A bit of good housing news came in a recent report issued by real estate analytics firm CoreLogic: The number of mortgaged residential properties with negative equity declined slightly to 11.2 million by the end of the first quarter this year, down from 11.3 million at the end of 2009. The bad news: Those 11.2 million loans are 24% of all U.S. mortgages. Add the 2.3 million borrowers who are close to slipping underwater (those with less than 5% equity), and the numbers rise to 13.5 million — 28% of mortgages. B.B. sent this …