One In Five Mortgages Under Water, Plus 697,000 Jobs Lost In February

Reuters - U.S. private sector job losses accelerated in February, according to a report by ADP Employer Services that suggests hefty employment declines are on the way in the government's payrolls report due on Friday. (more...)

Washington Post - One in five U.S. homeowners who have mortgages-- or about 8.3 million people -- owed more on their homes at the end of 2008 than their homes were worth, according to data released today by First American CoreLogic. (more...)