underwater mortgages
underwater mortgages Articles
Homeowner equity rose by $1.5 trillion last year, and homeowners took advantage of that by putting around 10% in their pockets through cash-out refinancing.
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The number of home mortgages that are greater than the value of the house (that is, underwater) fell to just 2% of all mortgages in the third quarter of this year. At the depths of the housing...
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Mortgage delinquency and foreclosure rates have reached 20-year lows, according to research firm CoreLogic.
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Some 351,000 mortgages rose enough last year to regain positive equity status. The total value of U.S. mortgaged properties rose by $678,000, raising the seven-year gain in home value to $5.5...
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Homes that were foreclosed during the housing bust and recession that followed, have regained their value faster than other properties according to a report from Zillow.
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U.S. homeowners got a 12% boost in home equity over the past 12 months as the number of U.S. homes with underwater mortgages continues to shrink.
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U.S. homeowner equity in the third quarter rose by $871 billion, an increase of 11.8%. The number of underwater homeowners fell by 22%, or 3.6 million homes.
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Home buyers may save some serious money if they can find a short sale that meets their needs. What are short sales and what has to happen in order for a sale to close?
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Homeowner equity rose by nearly 11% year over year in the second quarter of 2017. That amounts to about $766 billion on total U.S. homeowner equity of $8 trillion.
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The number of houses considered equity rich are most concentrated among California's big cities. Many of these areas have been booming because of the strength of the tech industry.
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Of more than 51 million mortgaged residential properties in the United States at the end of the third quarter, more than 6% of homeowners owe a mortgage amount greater than the value of the property.
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Of more than 50 million mortgaged residential properties in the United States at the end of the first quarter of 2016, approximately 4 million (8%) homeowners owe a mortgage amount greater than the...
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Of more than 46 million mortgaged residential properties in the United States at the end of the fourth quarter of 2015, more than 10 had a mortgage amount greater than the value of the property.
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At the end of the third quarter, the states with the highest percentage of homes with negative equity included Nevada, Florida and Arizona.
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Approximately 9 million mortgaged properties had positive equity below 20% at the end of the second quarter.
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