CoreLogic: More foreclosures lead to fewer underwater mortgages

CoreLogic: More foreclosures lead to fewer underwater mortgages

CoreLogic: Foreclosures Decline as Economy Improves The national foreclosure inventory was at its lowest level in February 2016, driven by an improving economy and wage gains. Apr 13 2016

Fewer homes ‘underwater’. In Nevada, 67 percent of homes with mortgages were underwater in the third quarter, more than any state, CoreLogic said. It also has the highest rate of.

Lengthy foreclosure timelines carry hidden costs for homebuyers Black Knight also observed increased interest among borrowers in securing term reductions through refinancing; 34 percent of rate/term refinances in Q2 2015 included a term length reduction. and.

CoreLogic also focused on 25 city areas in its September report, two of which are in Florida: The Tampa-St. Petersburg-Clearwater area had 13,094 foreclosures for the year (ending in August) and 11.3 percent of homes with a mortgage in some stage of the foreclosure process. The foreclosure inventory was down 0.8 percent year-to-year.

Homeowners who owe more in mortgage debt than their home is worth are at greater risk of foreclosure, and they are expected to weigh on the housing market until they regain equity.

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 · 10-Year Foreclosure Crisis Recap -CoreLogic.. which includes all homes in some stage of the legal process of foreclosure. CoreLogic says that there. Mortgage loans that were 30 or more.

RISMEDIA, December 15, 2010-(MCT)-The number of homeowners in the U.S. who owe more on their properties than what those homes are worth has declined steadily for most of 2010, according to.

The share of U.S. mortgages. are underwater rose from 22.5% to 23.1% last quarter, according to CoreLogic. That number has remained dangerously high for over a year. Homeowners and investors fear.

Foreclosures in November were at their lowest since 2000, comprising 0.4 percent of mortgages, according to CoreLogic’s latest Loan performance insights report. delinquencies dropped to 4.1.

The share of mortgages 60-89 days past due was unchanged from a year ago at 0.6 percent. The serious delinquency rate (90 days or more past due, including loans in foreclosure) fell to 1.8 percent in May, down from 2 percent a year ago. The May serious delinquency rate was the lowest for that month since 2007 when it was 1.6 percent.

The number of U.S. homeowners who owe more than their. residences were lost to foreclosure, according to a report Tuesday from CoreLogic Inc. About 10.88 million homes, or 22.5 percent of those.

CoreLogic, a specialist in crunching real estate data, said that fewer U.S. homeowners are underwater than previously. That is, fewer owe more on their mortgages than their homes are worth, or. That is, fewer owe more on their mortgages than their homes are worth, or.

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