The housing crash and financial crisis from The Big Short and Margin Call occurred in Q4 2007 and throughout 2008 and the first half of 2009. Yet, according to CoreLogic, 2.2 million homes remain in negative equity territory.
Where are the biggest shares of negative equity for homeowners? Try Louisiana, Connecticut, Illinois and Florida.
Ten years after the multiple government refinancing programs like HAMP and HARP.
And 2.2 million homeowners are STILL underwater. Particularly in Louisiana.