Refis not an option for many who would benefit most 
22M borrowers have less than 20% stake in their homes
By Inman News, Tuesday, November 29, 2011.
Nearly seven in 10 homeowners with loan-to-value ratios of 80 percent or more are paying above-market mortgage rates and may be unable to refinance in order to take advantage of today's lower rates, a new report by data aggregator CoreLogic shows.
Homebuyers who made small down payments when purchasing their property or who took cash out when refinancing or obtaining a home equity loan are also more likely to find themselves "underwater" -- owing more than their home is worth because of falling home prices.
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