CoreLogic: 10.4 million mortgages still in negative equity

The good news: There were 15 million homes in negative equity. report from mortgage-data firm CoreLogic. Prices in Dallas rose 10.3% in those 12 months, but Washington, D.C. saw a more modest 1.6%.

From Q1 2017** to Q2 2017, the total number of mortgaged residential properties with negative equity decreased 10 percent to 2.8 million homes, or 5.4 percent of all mortgaged properties. Year over year, negative equity decreased 21.9 percent from 3.6 million homes, or 7.1 percent of all mortgaged properties, from Q2 2016 to Q2 2017.

A report issued Tuesday by data provider First American CoreLogic. level, mortgages on nearly 10.7 million homes, or 23 percent of properties, were considered underwater in September. An additional.

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CoreLogic data includes more than 50 million properties with a mortgage, which accounts for more than 95 percent of all mortgages in the U.S. CoreLogic uses public record data as the source of the MDO, which includes both first-mortgage liens and second liens, and is adjusted for amortization and home equity utilization in order to capture the.

CoreLogic: 791,000 underwater homes return to positive equity Clear Capital: Momentum continues to build for housing recovery Clear Capital: Momentum continues to build for housing recovery February’s U.S. Home prices signal solid start to Spring. – analytics at Clear Capital." Consumer confidence continues to be vital to a broader housing recovery and national quarterly home prices expanding 1.0 percent in the midst of winter is confirmation the recovery has legs.CoreLogic released new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million. The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with a mortgage, were still in negative equity as of Q1 2014 compared to 6.6.

From Q1 2017** to Q2 2017, the total number of mortgaged residential properties with negative equity decreased 10 percent to 2.8 million homes, or 5.4 percent of all mortgaged properties. Year over year, negative equity decreased 21.9 percent from 3.6 million homes, or 7.1 percent of all mortgaged properties, from Q2 2016 to Q2 2017.

There were about 6.3 million homes with negative equity in the first quarter – owners owed more on a mortgage than their. "Many borrowers still lack sufficient equity to move," said Sam Khater,

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The CoreLogic analysis indicates that approximately 6.3 million homes, or 12.7 percent of all residential properties with a mortgage, were still in negative equity as of Q1 2014 compared to 6.6.

The report shows that U.S. homeowners with mortgages. in negative equity fell 14 percent, or by 351,000, from 2.6 million homes – or 4.9 percent of all mortgaged properties – in the fourth quarter.

An additional 2.1 million mortgages-defined as mortgages within 5% of being in negative equity-were approaching negative equity status. Negative equity and near-negative equity mortgages combined account for over 23% of all properties with a mortgage. High negative equity distribution is heavily skewed to a small number of states: Nevada.

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Many borrowers are catching up on their home equity, and are no longer underwater due, in part, to rising home prices, according to the latest Mortgage. released by CoreLogic. On the other hand,

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