Number of underwater homeowners grows: CoreLogic

The total number of underwater homes rose 1.6% quarter-over-quarter to 2.2 million, a 4.2% share of all homes with a mortgage. At the end of the third quarter, 10.7 million homeowners owed more on their mortgages than their home is worth, according to new data from CoreLogic.

According to a report released by CoreLogic, there were 11.2 million homeowners that were in a negative equity, or "underwater", position on their mortgages as of the end of the first quarter of this year.This number is equal to 24 percent of all homeowners with a mortgage in the U.S., which is the same percentage as the prior quarter, however the actual number of underwater borrowers was.

RealtyTrac’s Sharga: Banks still holding 70% of REO from market The latest Tweets from LAMCONetwork (@LAMCONetwork). LAMCONetwork offers a free REO database search for asset managers and a one stop nationwide advertising network for default asset industry professionals. littleton, COAverage monthly house payments jump 21% in fourth quarter Morgan Stanley agrees to pay $7.2 million to settle Nevada MBS dispute JPMorgan chase settles military mortgage dispute for about. – JPMorgan Chase [stock JPM][/stock] agreed to pay about $54 million to settle lawsuits that accused the banking giant’s Chase Home Finance unit of violating the servicemembers civil relief act of.Tesla delivered 95,200 cars during the second quarter, besting its previous record of 90,700 deliveries set in the fourth quarter. A customer using an out-of-network ATM can expect to pay on.

CoreLogic released its annual corelogic home price index (hpi) and. The price of an average home grew 7.1% in May and could rise another 5.1%. we found four times as many renters looking to buy than homeowners willing to sell.. home values are up – despite millions of Americans underwater.