CoreLogic: 10.4 million mortgages still in negative equity

The CoreLogic (NYSE: CLGX) said in general negative equity continues to weigh on the housing market with 10.9 million residential properties. Many borrowers in a negative equity scenario are still. Rising home prices have helped right nearly two million upside-down mortgages across the U.S. this year.

CoreLogic: 2.2 million homes still in negative equity at end of Q3 2018.. Negative equity can occur because of a decline in a home’s value, an increase in mortgage debt or both. Negative equity peaked at 26 percent of mortgaged residential properties in the fourth quarter of 2009, based on. 10.4 million mortgages were still in negative equity.

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An additional 2.1 million mortgages-defined as mortgages within 5% of being in negative equity-were approaching negative equity status. Negative equity and near-negative equity mortgages combined account for over 23% of all properties with a mortgage. High negative equity distribution is heavily skewed to a small number of states: Nevada.

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Despite the improvement, about 2.5 million residential properties with a mortgage were still in negative equity. CoreLogic estimates that roughly 63% of all homeowners in the U.S. have a mortgage. Those homeowners have collectively seen their equity increase 11.8% year over year, representing a gain of $870.6 billion since the third quarter of 2016.

Report: Alt-A Delinquency Rate Nearing 18 Percent CoreLogic Reports U.S. Overall Delinquency and Foreclosure Rates Lowest for January in at Least 20 years: corelogic (nyse: clgx), a leading global property information, analytics and data-enabled solutions provider, today released its monthly loan performance Insights Report. The report shows, nationally, 4 percent of mortgages were in some stage of delinquency (30 days or more past due.

Equity ratio 28.0% Liquid funds 156 m* in other receivables Seasonal decline and other liabilities

Gross loans and leases were up $130 million, or 11%, for the year in 2016. Loan growth was favorably impacted by the addition of $94 million in loans via the Coast acquisition and organic growth in commercial real estate and construction loans, net of a $17 million reduction in outstanding balances on mortgage warehouse lines.

At the end of Q3, the total stood at 10.6 million properties, or 22 percent of all mortgages. Out of the 10.4 million properties in negative equity, 1.8 million have a loan-to-value (LTV) ratio.

CoreLogic: 2.2 million Homes still in negative equity at end of Q3 2018.. Negative equity can occur because of a decline in a home’s value, an increase in mortgage debt or both. Negative equity peaked at 26 percent of mortgaged residential properties in the fourth quarter of 2009, based on.

–10.4 Million Residential Properties with a Mortgage Still in Negative Equity– CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released new analysis showing approximately 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012.