Report: Nearly One in Five Owe More Than Homes Are Worth

How’s this for odds: If you have a house in Las Vegas, there’s a 58% chance you owe more on your mortgage than the place is worth. Nevada, of course, is ground zero for the real estate bust — but it’s hardly alone in having truckloads of “underwater” homeowners. As of December, 19.8% of mortgage holders nationwide had negative equity in their houses, according to a new report by loan-tracker First American CoreLogic.

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Coast Guard set to end search for boaters

The Coast Guard’s search for three missing boaters, including two NFL players, will be called off at sundown Tuesday, Coast Guard Capt. Timothy Close said. Close’s announcement came a day after the Coast Guard rescued a fourth man who had been with the other three on a Saturday fishing trip off Florida’s Gulf Coast

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Search for three, including NFL players, continues

Rescuers seeking three missing boaters, including two NFL players, continued their search through the night and into early Tuesday off Florida’s Gulf Coast. With 2,000 square miles of water to search, the hope was the three were still alive despite having been dumped into the sea during a storm

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2 NFL players among boaters missing in Florida

Two NFL players are among four boaters reported missing off Florida’s Gulf Coast, an agent for one of the players said Sunday. Ron Del Duca, agent for Detroit Lions defensive end Corey Smith, told CNN that Smith and Oakland Raiders linebacker Marquis Cooper were two of the four men missing since their boat disappeared on Saturday in waters off Clearwater, Florida. Smith, currently a free agent with the NFL, played defensive end for the Detroit Lions last season The Coast Guard said it was directing an extensive search Sunday for the boaters

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Conservatives picking 2012 GOP frontrunners

The Conservative Political Action Conference ends Saturday with radio talk show host Rush Limbaugh delivering the keynote address and the naming of the winner of a poll for best 2012 GOP presidential candidate. In the absence of a clear GOP leader, a political ad airing Friday put out by supporters of President Obama implies the conservative radio host has himself become the de-facto head of the Republican Party. The ad argues that the Republican leadership in Congress is following Limbaugh’s lead in opposing the Obama administration’s $787 billion stimulus package.

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