Tom Lindmark

Housing Update: Underwater Loans, O'Neil's Plans

O'Neill's plan is clearly extreme but to the extent he's trying to get across the point that there is no free lunch and American's need to be more cautious, I applaud him.

I would like to see the methodology that was employed in determining the number of homeowners that are underwater. I don't doubt the number is sizeable but I also think there is a fair amount of guesswork in arriving at the figure. Do you know how it was calculated?