CoreLogic: 791,000 underwater homes return to positive equity Only 6.4 million properties remain in negative equity Rising home prices continue to pull underwater homeowners into positive equity positions, with 791,000 additional properties returning to a situation in which the borrower no longer owes more than the home is worth in the third.
Fidelity increases stake in LandCastle Title WATCH: Zillow CEO accepts ice-bucket challenge Thank you Rod Hughes for nominating our CEO Dan Epstein for the ALS Ice Bucket Challenge. Challenge accepted! In turn Dan nominates Lewis Schiff, Ray Scotto and michael powell. visit alsa.org to donate to the ALS Association and learn more about this fantastic challenge that has already raised nearly $80 million dollars.Homebuilder confidence remains flat at depressed levels Fannie Mae: Consumers think it’s easier than ever to get a mortgage Fannie and Freddie’s share of new mortgages issued fell from 70% of the market in 2003 to just 40% in 2006. By 2007, private mortgage-backed securities funded 27% of all outstanding residential mortgages, more than three times the market share they held in 1998. Fannie and Freddie never purchased subprime loans in any significant quantities.Economic Data The National Association of Home Builders confidence index came in flat for September at 13, staying at the lowest level in more than a year. The depressed levels of the Housing Index.MGIC writes $3.3B in primary new insurance We have posted on our web site a presentation that contains information pertaining to our primary risk in force, the new insurance. quarters. mgic’s statutory capital is $2.1 billion in excess of.The case began when LandCastle title llc sold a majority ownership stake to Fidelity National Title Group in 2014, then sued Hardwick, the title company’s former CEO. Shortly after, professional golfer Dustin Johnson filed his own lawsuit against Hardwick and the Morris hardwick schneider (mhs) law firm over a $3 million loan he allegedly gave Hardwick.
The current market value of your home minus. is your equity – if it’s a positive number. But if you owe more than your home is worth, you don’t have any equity. Instead, you’re underwater. Property.
New construction and rising prices should bring more homes, both new and old, on to the market in 2014, helping inventory return. underwater mortgages regain positive equity status during the.
CoreLogic Reports 2.5 Million More Residential Properties Return To Positive Equity In Second Quarter Of 2013. the share of underwater mortgaged homes fell to 14.5 percent," said Dr. Mark.
According to the CoreLogic report. keeping the inventory of homes for sale low. With the return of positive equity, previously underwater homeowners can now sell their home if the timing is right.
Fitch Downgrades Four CMBS Transactions on Likely Default The third largest contributor to modeled losses (4.7%) is secured by a 103,384 sf office property in Rocky Hill, CT. The loan transferred to the special servicer in November 2010 due to payment.Flagstar ‘reps and warrants’ deal may be coming with Fannie And angry Democrats warned that Treasury’s whole initiative could collapse unless President Bush gets House Republicans to come to. a successful deal for the American taxpayer.” But House.
The number of underwater homes continues to slip, with 791,000 properties regaining equity during the third quarter, corelogic reports. Currently, about 13 percent of all homes with a mortgage – or 6.4 million – remain in negative equity compared to 14.7 percent – or 7.2 million – at the end of the second quarter.
"Equity rebuilding continued in the second quarter of this year as the share of underwater mortgaged homes fell to 14.5 percent," said dr. mark fleming, chief economist for CoreLogic. "In just the first half of 2013 almost three and a half million homeowners have returned to positive equity, but the pace of improvement will likely slow as price.
Nearly 800,000 homes returned to a state of positive equity during the third quarter–leaving about 6.4 million underwater, according to the latest data from CoreLogic. The numbers indicate a.
IRVINE, Calif., Jan. 17, 2013 /PRNewswire/ — CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released new analysis showing approximately 100,000 more borrowers reached a state of positive equity during the third quarter of 2012, adding to the more than 1.3 million borrowers that moved into positive equity through the second quarter of 2012.