Research released in September says that 10.7 million homes are "underwater" meaning that what is owed is more than the house is worth. Another 2.3 million homes are within 5% of being underwater. That is 28% of all residential housing according to the article in CNN Money. WTF? I don't know who is more to blame the bank industry for making these loans or the people who signed on the dotted line. If they didn't understand what they were getting into they shouldn't have signed the papers! If the government is going to take care of all their problems then I think they should do the same for student loans!