The number of underwater homeowners in the U.S. declined slightly during the first three months of the year. The decline in the number of borrowers owing more on their mortgages than those properties are worth occurred despite falling home prices,...
1.3 million homeowners emerged from negative equity, which occurs when borrowers owe more on their mortgage than their home is worth, in the first half of the year, according to CoreLogic's latest foreclosure report. But 10.8 millio... Read Post
As home prices have fallen, growing numbers of borrowers wound up owing more on their homes than the homes are worth. For at least two years, we've been hearing that this situation will result in more mortgage defaults as borrowers ... Read Post
11.4 million or 23.7 percent of all residential properties with a mortgage were in negative equity – when borrowers owe more on their mortgages than their property is worth – according to a new report by Corelogic. This is down from... Read Post