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Gen-X remains deepest underwater on home mortgages
Gen-X remains deepest underwater on home mortgages

The mortgage crisis may be easing, but it's still hitting some people harder than others. Nearly half of all mortgages that are still "underwater" in Los Angeles and Orange Counties are held by homeowners aged 35 to 49, according to a report out Tuesday from real estate website Zillow. For the record: An earlier version of this post contained incorrect information provided by Zillow about the share of homeowners who are "underwater" on their mortgage. Just 9.3% of homeowners in metro Los Angeles now owe more on their house than it is worth - barely half the rate a year ago and well below the national average of 17%. Of those loans, 45.8% are held by members...

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