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The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained equity in their homes. CoreLogic said on Thursday that 48 million homes, about 93.8 percent of those with a mortgage, now have positive equity. Negative equity peaked at 26 percent of mortgaged residential properties in Q4 2009 based on the company's equity data analysis, which began in Q3 2009. Negative equity, often referred to as being "underwater" or "upside down," applies to borrowers who owe more on their mortgages than their homes are worth. Negative equity can occur because of a decline in home value, an increase in mortgage debt or both. The mortgaged homes that remained in negative territory at the end of the fourth quarter of 2016 numbered 3.17 million
Housing News
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The once- epidemic level of underwater properties retreated further into history in 2016 as another 1 million homeowners regained equity in their homes. CoreLogic said on Thursday that 48 million homes, about 93.8 percent of those with a mortgage, no... (read more)
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Housing News
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There was a slight loosening of mortgage credit access in February, as FHA and VA instituted more streamlined documentation requirements for their loans. Access also improved as more investors offered affordable low downpayment mortgages. The Mortgag... (read more)
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Housing News
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In its most recent Mortgage Monitor , Black Knight Financial Services dug deeper into a topic it had raised in an earlier edition, the seasonality of mortgage delinquencies . In its February Monitor the company looked specifically at the role of fede... (read more)
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Rob Chrisman
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I have my own opinion about reading a book versus watching YouTube videos, given our finite time every day, but this statistic is staggering: The number of hours of content being uploaded to YouTube every minute is four hundred. So, 400 hours of vide... (read more)
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Housing News
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With the decades of attention the Baby Boomers got vis-à-vis their homebuying habits, and all the worry about the same lavished on Millennials for the last few years, the two intervening generations, X and Y, were relatively ignored. Now the N... (read more)
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MBS Commentary
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After confirming a breakout from the "consolidation range" (the converging lines tracing the lower highs and higher lows over the past 3 months) yesterday, bonds move on to fight for the consolation prize--a consolidation consolation, if you will. ... (read more)
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National Housing Conference
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