CoreLogic: 791,000 underwater homes return to positive equity

CoreLogic has 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. This brings the total number of borrowers who moved from negative equity to positive equity September YTD to 1.4 million. 10.7.

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CoreLogic, a global property information, analytics and data-enabled services provider, released a new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million.

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 quarter, CoreLogic () said Tuesday.

According to CoreLogic, “5.4 million homes, or 10.4 percent of all homes with a mortgage, were still in a negative equity position, or underwater,’ in the fourth quarter of 2014.” Of particular importance, however, is the drop in underwater mortgages since this time last year.

IRVINE, Calif., Dec. 17, 2013 /PRNewswire/ — corelogic() (nyse: clgx), a leading residential property information, analytics and services provider, today released new analysis showing approximately 791,000 more residential properties returned to a state of positive equity during the third quarter.

Good News: Home Prices Mixed – The buyer gets his now when he files his tax return, the seller gets hers in the form of a higher price for the house. I think we need another month or two of rising prices, and for the C-20 to turn.

Amendment to Eliminate HVCC Still Alive in Financial Reform Bill An amendment to the dodd-frank wall street reform Bill that would eliminate the home valuation code of Conduct (HVCC) survived congressional debates last week, according to one representative’s office.. A congressional conference last week took place to reconcile both versions of the House and Senate financial reform bills.

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 quarter, CoreLogic (CLGX) said Tuesday. The Irvine, Calif.-based research firm reported that as of 3Q, the total number of mortgaged properties with equity remains at.

 · Rising home prices should help some homeowners who have involuntarily remained on the sidelines to put their homes on the market, as more than 1.7 million properties returned to positive equity by the end of 2012. i Figure 1 shows that the number of underwater residential properties peaked in the fourth quarter of 2011 at 12.1 million and.