CoreLogic: More foreclosures lead to fewer underwater mortgages

 · Ohio, which was battered by the national foreclosure epidemic, continues to see fewer lost properties, according to a new report from CoreLogic.

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NEW YORK ( — In a sign that more foreclosures could be on. at least stabilize, fewer mortgage borrowers will find themselves underwater in the coming months. CoreLogic changed its.

The percentage of homeowners in a negative equity position fell slightly in the second quarter, dropping 20 basis points to 22.5%, according to CoreLogic. The data provider reports that 10.9 million borrowers were underwater at the end of June. An additional 2.4 million borrowers were in a near-negative equity position (i.e., had less than 5% [.]

Mortgage delinquencies and foreclosures are at the heart of the enduring housing troubles.. All told, 14.9 percent of Indiana mortgages were past due or in foreclosure at last.. The price-to-income ratios in Florida and Nevada more or less doubled. The real estate analytics firm CoreLogic estimates that distressed sales,

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 · Across the country, the number of homeowners who were not able to pay their mortgages for 30 or more days dropped to 4.2 percent in May 2018, down 0.3.

 · Blown higher after Hurricane Irma, mortgage delinquency rates are back to normal levels in Southwest Florida.The share of homeowners in the.

NEW YORK ( — Fewer people are underwater on their mortgages — further evidence that the real estate free-fall may be slowing. Just 21% of all single-family homeowners owe more..

Fewer Mortgages Underwater as More Borrowers Drown.. CoreLogic reports that 10.8 million, or 22.5 percent, of all residential properties with mortgages were in negative equity at the end of the.

CoreLogic reports that 11 million, or 23 percent, of all residential properties with mortgages were in negative equity at the end of the second quarter of 2010, down from 11.2 million and 24 percent from the first quarter of 2010. Foreclosures, rather than meaningful price appreciation, were the primary driver in the change in negative equity.

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.

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