CoreLogic: 791,000 underwater homes return to positive equity Only 6.4 million properties remain in negative equity Rising home prices continue to pull underwater homeowners into positive equity positions, with 791,000 additional properties returning to a situation in which the borrower no longer owes more than the home is worth in the third.
During the third quarter of 2012, 100,000 underwater borrowers returned to positive equity, owing less on their mortgages than what their homes are worth, according a report released last week by.
CoreLogic: 791,000 underwater homes return to positive equity By Stam In Home Loans Contents Underwater. mark fleming Streamline refinancing loan offers Positive equity.. 791 Positive equity; rising home prices continue positive equity positions Rising home prices continue to.
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CoreLogic Reports 2.5 Million More Residential Properties Return To Positive Equity In Second Quarter Of 2013. the share of underwater mortgaged homes fell to 14.5 percent," said Dr. Mark.
IRVINE, Calif., Dec. 17, 2013 /PRNewswire/ — CoreLogic() (NYSE: CLGX), a leading residential property information, analytics and services provider, today released new analysis showing approximately 791,000 more residential properties returned to a state of positive equity during the third quarter.
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And it’s crucially important in personal financial terms for hundreds of thousands of owners who’ve been underwater. week by CoreLogic, a real estate and mortgage data firm, estimated that 791,000.
"The impressive home price gains of 2012 and the beginning of 2013 have had a big impact on the distribution of residential home equity," said dr. mark fleming, chief economist for CoreLogic. "During the past year, 1.7 million borrowers have regained positive equity.
In other words, how long will it take for home values. for the typical underwater borrower, it will take until late 2015 or early 2016 for negative equity to disappear. But in certain markets, it.
The number of underwater homes continues to slip, with 791,000 properties regaining equity during the third quarter, corelogic reports. Currently, about 13 percent of all homes with a mortgage – or 6.4 million – remain in negative equity compared to 14.7 percent – or 7.2 million – at the end of the second quarter.