Number of Tampa Bay homeowners underwater plunges

In an encouraging sign for the general economy, the number of Tampa Bay borrowers who owe more than their homes are worth continues to plunge. The Tampa Bay Times reported that although still double the national average, just 16 percent of bay area homeowners with mortgages were underwater in the first three months of this year compared with 23 percent in 2015’s first quarter. CoreLogic, a research firm, said nationally, 8 percent of borrowers owed more than their homes were…