CoreLogic: More foreclosures lead to fewer underwater mortgages

Almost 10.7 million U.S. mortgages were "underwater" as of September, said research firm First American CoreLogic. Another 2.3 million homeowners are within 5% of negative territory, the report said. The two figures combined comprise almost 28% of all residential properties with mortgages.

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CoreLogic, a specialist in crunching real estate data, said that fewer U.S. homeowners are underwater than previously. That is, fewer owe more on their mortgages than their homes are worth, or. That is, fewer owe more on their mortgages than their homes are worth, or.

Fewer Southland mortgages are underwater, thanks to rising prices. and sit at their lowest levels since CoreLogic started tracking underwater borrowers during the housing crash in 2009.

CoreLogic also focused on 25 city areas in its September report, two of which are in Florida: The tampa-st. petersburg-clearwater area had 13,094 foreclosures for the year (ending in August) and 11.3 percent of homes with a mortgage in some stage of the foreclosure process. The foreclosure inventory was down 0.8 percent year-to-year.

Fewer homes ‘underwater’. In Nevada, 67 percent of homes with mortgages were underwater in the third quarter, more than any state, CoreLogic said. It also has the highest rate of.

The number of local homeowners "underwater" on their mortgages is falling as the housing market heals, CoreLogic reported Tuesday. About 11 percent of St. Louis-area homeowners with a mortgage.

So there’s a silver lining for you: fewer mortgages are underwater because more borrowers are drowning. Read the full report (which includes some nice charts) at CoreLogic.

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Freddie Mac expands its multifamily executive team corelogic: More foreclosures lead to fewer underwater mortgages nationally, more and more properties have equity, and according to a report from CoreLogic published last week, Fairfield County’s housing market reflects these trends.. Reported in the Connecticut Post, the number of underwater.

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research firm CoreLogic. But the drop in properties with negative equity has more to do with troubled borrowers losing their homes to foreclosure. third quarter. Underwater and near-underwater.

SANTA ANA, Calif. – Sept. 12, 2012 – CoreLogic says 10.8 million (22.3 percent) of all residential properties with a mortgage had negative equity (under.

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 · In terms of metropolitan areas, Miami had the highest underwater homeownership rate, according to CoreLogic’s Home Equity Report, with the share of negative equity from all mortgages.