CoreLogic: More foreclosures lead to fewer underwater mortgages

Fewer underwater mortgages in Florida, but challenges remain The state’s housing market is digging out from the Great Recession thanks to rising home prices. A for sale sign stands in front of a.

 · Moreover, the aggregate amount of underwater mortgages was $397 billion, a universe away from the $10 billion that the NMS gave to homeowners in principal relief. The good news is that neither New York State nor New York City was in CoreLogic’s top five rankings for underwater homes by state and city, respectively.

CoreLogic – fewer homes underwater CoreLogic today released new analysis showing that 10.8 million, or 22.3%, of all residential properties with a mortgage were in negative equity at the end of the second quarter of 2012. This is down from 11.4 million properties, or 23.7%, at the end of the first quarter of 2012. An.