CoreLogic: 10.4 million mortgages still in negative equity

 · By Peter Ricci. Negative equity mortgages declined in the second quarter, falling from 11.4 million properties to 10.8 million, according to the latest data from CoreLogic.. Additionally, 1.8 million borrowers are only 5 percent underwater on their mortgages, and if recent home price increasescontinue, chances are they could move out of their negative equity position.

Upside down car loan- How to deal with negative car equity 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.

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.

Negative equity can occur because of a decline in home value, an increase in mortgage debt or both. Negative equity peaked at 26 percent of mortgaged residential properties in Q4 2009 based on CoreLogic equity data analysis, which began in Q3 2009. The national aggregate value of negative equity was approximately $284.4 billion at the end of Q2.

–10.4 Million Residential Properties with a Mortgage Still in Negative Equity– CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released new analysis showing approximately 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012.

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That amounts to 19.8 percent of all properties with a mortgage, down from 21.7 percent. Underwater, or negative. 1.7 million borrowers have regained positive equity, the report said. “We are still.

The analysis also shows that 10.4 million, or 21.5 percent of all residential properties with a mortgage, were still in negative equity at the end of the fourth quarter of 2012. This figure is down from 10.6 million* properties, or 22 percent, at the end of the third quarter of 2012.

However, just consider today’s million dollar average house in Sydney. If someone has a typical 20% equity, the market needs to drop 20% for them to be really under water IF and only IF they ars forced to sell. The market hasn’t dropped anywhere near that. Then. Two years ago, that might have been $750k. With a mortgage of $600k at 20% equity.