CoreLogic released new analysis showing approximately 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012. This brings the total number of properties that moved from negative to positive equity in 2012 to 1.7 million and the number of mortgaged residential properties with equity to 38.1 million.
About 1.2 million U.S. homes returned to positive equity at the end of the fourth quarter, bringing the total number of homes with positive equity to approximately 44.5 million, or 89% of all homes with a mortgage, according to CoreLogic. However, about 5.4 million properties, or 10.8% of all properties with a mortgage, were still [.]
Fannie Mae to Charge Strategic Defaulters, for Everything Seven years is up from the typical five Fannie Mae requires in cases of foreclosure, borrowers with "extenuating circumstances" could see that five reduced to as little as two. Fannie Mae Increases Penalties for Borrowers Who Walk Away [fanniemae.com] The Rapid Rise Of "Strategic" Defaults [SocketSite]
–Approximately 6.5 Million Residential Properties with a Mortgage Still in Negative Equity–CoreLogic (NYSE: CLGX), a leading residential property information, analytics and services provider, today released new analysis showing 4 million homes returned to positive equity in 2013, bringing the total number of mortgaged residential properties with equity to 42.7 million.
Homes with negative equity increased 1.6% to 2.2 million homes from Q3 to Q4. the means to finance home remodels and repairs,” said CoreLogic President and CEO Frank Martell. “With rates still.
CoreLogic: 1.7M Homes Moved into Positive Territory in 2012 03/19/2013 BY: ESTHER CHO In the fourth quarter of 2012, about 200,000 residential properties transitioned out of a state of negative equity, bringing the 2012 yearly total to 1.7 million properties,CoreLogic reported Tuesday.
10.4 million mortgages were still in negative equity – where the homeowner owes more on his mortgage than the home is worth. This is however down from 10.6 million or 22 percent at the end of Q3 2012.
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CoreLogic: Nearly 1 million houses float back into positive equity. 9.7 million or 19.8% of all residential properties with a mortgage were still in negative equity at the end of the first.
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