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That would leave about 1.7 million homeowners holding mortgages exceeding the value of their properties.
In recent years, British mortgage lenders began offering loans exceeding the value of the properties on which they were based.
Norden has encountered technical problems in developing an advanced radar system, with costs exceeding the value of its contracts.
The bursting of the property market bubble has left more than 70,000 homeowners with mortgages exceeding the value of their houses.
The company said Norden has encountered technical problems in developing an advanced radar system, with costs exceeding the value of its contracts.
As an alternative, Senator John Kerry, Democrat of Massachusetts, proposed an excise tax on insurance companies that offer coverage far exceeding the value of the average policy, now about $13,000 a year for a family.
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Those appraisals led to mortgages far exceeding the values of the underlying properties.
The debt exceeded the value of the house".
Their mortgages exceed the value of their home, Ms. Chen said.
For some it far exceeds the value of their manufacturing plants and other tangible property.
Policing costs will soon exceed the value of the tuition increase.
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