CoreLogic: More foreclosures lead to fewer underwater mortgages

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Two-thirds of Nevada mortgages are for more than the property is valued. Conversely, nearly half of New York homeowners have 50% or more positive equity. Write to Jason Philyaw .

Rising home prices pulled more Southland homeowners. 2013 and sit at their lowest levels since CoreLogic started tracking underwater borrowers during the housing crash in 2009. Nationwide, 12.7% of.

About 10.8 million households, or 22.5 percent of all mortgaged homes, were underwater in the July-September quarter, housing data firm CoreLogic said Monday. That’s down from 23 percent, or 11.

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CoreLogic: More Foreclosures for Massachusetts in May. by James McClister July 16, 2015. CoreLogic May foreclosure report documents continued improvement in inventory and seriously delinquent mortgage rates. today, CoreLogic released its May 2015 National Foreclosure Report, which highlighted.

CoreLogic Launches Short Sale Fraud Watchdog Technology FBI Mortgage Fraud Investigations Jump 400% in Five Years CoreLogic: More foreclosures lead to fewer underwater mortgages nationally, more and more properties have equity, and according to a report from CoreLogic published last week, Fairfield County’s housing market reflects these.

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Almost 10.7 million U.S. mortgages were "underwater" as of September, said research firm First American CoreLogic. Another 2.3 million homeowners are within 5% of negative territory, the report said. The two figures combined comprise almost 28% of all residential properties with mortgages.

The number of U.S. homes worth less than the debt owed on them dropped in the third quarter, largely because of mounting foreclosures rather than a rise in property values, according to CoreLogic Inc. About 10.8 million homes, or 22.5 percent of those with mortgages, were.

Fewer Homes ‘Underwater’ as Foreclosures Increase. The total of so-called underwater mortgages fell to 10.8 million at the end of September, down from a peak of 11.3 million at the beginning of the year, according to CoreLogic, a real-estate data firm. The latest total accounts for nearly 22.5% of U.S. homeowners.

research firm CoreLogic. But the drop in properties with negative equity has more to do with troubled borrowers losing their homes to foreclosure. third quarter. Underwater and near-underwater.

In Nevada, 67 percent of homes with mortgages were underwater in the third quarter, more than any state. It also has the highest rate of foreclosure filings, with one in 79 households receiving a notice of default or foreclosure in October, according to RealtyTrac Inc., an Irvine, California- based real estate information service.