Number of underwater homeowners grows: CoreLogic

The percentage of Winston-Salem-area homeowners late on their mortgage payments continued to decline in the first quarter, national real-estate research firm CoreLogic. Number of underwater. Lithonia illustrates the growing divide in the recovery in the U.S., where large.. Many underwater homeowners have stopped investing in their.

Demonstrating the power of rising home prices, the number of underwater homeowners has. says Mark Fleming, CoreLogic chief economist. The declining ranks of underwater homeowners are a plus for the.

. Economist at. Equifax, and Wei Liu is Director of Analytics at CoreLogic. A number of studies examine 'strategic default'. However.. of a mortgage default increases by as much as 24 percent with a one standard deviation increase in. who are underwater on their mortgage but are not likely to be financially distressed.

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The number. for CoreLogic. “For larger remodeling projects, homeowners often choose to cash-out some of their home equity through a first-lien refinance or placement of a second lien.” Negative.

the number of homeowners who are underwater is continuously rising. Last week,a data released by CoreLogic Inc. (CLGX), a leading provider of information, analytics and business services, shows that.

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 · The fourth quarter of 2016 showed great promise as CoreLogic reported a decrease in the number of underwater homes across the United States. Over 1 million then-underwater homeowners have resurfaced out of negative equity in that time. There is an increase of 11.7 percent in home equity in 2016 compared to the year before.

According to CoreLogic, the number of borrowers in negative equity is back to late 2009 levels. As the following article points out, this data suggests more homeowners are struggling with loans that are worth more than their properties.

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according to CoreLogic. Bay Area home sales, prices continue to tumble Village revamp proposed for San Jose shopping center.

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. according to CoreLogic, an information and business services firm. Across the country, the amount these homes were underwater averaged. and an astonishing number of homeowners who are stuck in homes that they. so am now paying a mortgage and rent and my credit card debt is growing so I.

Across the country, the number of homeowners owing more than their homes are worth grew to more than 11.3 million – or 24 percent of all residences with mortgages, First American reported.