Number of underwater homeowners grows: CoreLogic

According to a report released by CoreLogic, there were 11.2 million homeowners that were in a negative equity, or "underwater", position on their mortgages as of the end of the first quarter of this year.This number is equal to 24 percent of all homeowners with a mortgage in the U.S., which is the same percentage as the prior quarter, however the actual number of underwater borrowers was.

“Home-price growth has accelerated in recent months, helping to build home-equity wealth and lift underwater homeowners back into positive equity the primary driver of home equity wealth creation,” said Dr. Frank Nothaft, chief economist for CoreLogic. “The CoreLogic Home Price Index grew 6.7 percent during the year ending March 2018, the.

The number of underwater properties decreased by 268,000 from Q1 2018 to Q1 2019. Figure 1 shows the 25 states with the largest percentage-point decreases in the negative equity share from the previous year.

Based on CoreLogic’s latest Home Equity Report for the first quarter of 2018, U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 13.3 percent year over year, representing a gain of $1.01 trillion since the first quarter of 2017.

NEW YORK, July 12 (Reuters) – The number of U.S. homeowners that were underwater on their mortgages fell in the first quarter as home prices rose, data analysis firm CoreLogic said on Thursday. There.

Unfortunately, the underwater number is still growing. First American CoreLogic said Tuesday that more than 11.3 million residential properties were in negative equity at the end of 2009.

Home equity is still on the rise, with homeowners gaining an average of $16,200 apiece in the second quarter, the latest data shows. CoreLogic’s Home Equity Insights for Q2 2018 shows an equity jump of 12.3% – about $980.9 billion – on all mortgaged residences since the same period last year.

Fannie, Freddie to raise g-fees in April Former acting director of the FHFA Ed demarco announced plans in 2013 to raise g-fees in an attempt to shrink the role of Fannie and Freddie in the mortgage finance market, but shortly after being.Fitch Downgrades Four CMBS Transactions on Likely Default U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance of the four main property classes.Chicago area home prices up 14 percent in October Seattle-area home prices drop again – down 11 percent in last six months – The price drop equals 11.3 percent. october to November. The cool-down is also starting to spread to the rest of the Puget Sound region – inventory is up and sales are down by double digits in all.

In Portland, the number of underwater loans grew by 14 percent between the two quarters, rising from 69,000 to 79,000. For more on the First American CoreLogic’s negative. are supposed to either.

Fixed mortgage rates hit 50-year lows: Freddie Mac Source: Freddie Mac’s 2016 home buyer statistics, published on April 17, 2017. What Drives Mortgage Term Choices? When interest rates are low (as they were after the global recession was followed by many rounds of quantitative easing) home buyers have a strong preference for fixed-rate mortgages.

CoreLogic Inc.: CoreLogic Reports 268,000 US Homeowners Regained Equity in the First Quarter of 2016.. the number of underwater borrowers will fall by another one million during the next year.’