Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages
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Today, the matter is far from theoretical for the 15.2 million American. it found that only 6.4 percent of “underwater” borrowers-that is, those. Survey-based evidence also suggests that strategic default has become widespread.. people had defaulted even if they could still afford to pay their mortgages.
In large pockets of the country, the percentage of underwater homes – where the value of the home is less than the. with a population over 1 million people with the highest rates: “underwater.
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Two-and-a-half million U.S. homeowners were underwater on their mortgages as of the fourth quarter of 2017, according to property analytics provider CoreLogic.. some cities still have a large.
Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages Underwater mortgages are in the decline–but not for the 6.4 million homes saddled by one. Paul Hurst – Mortgage Consultant
Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages – Forbes. Phoenix-Mesa-Scottsdale area still 23.2% were underwater Home equity has improved with rising prices and the close-out of many foreclosure proceedings, still there are millions underwater on their mortgages.
A staggering number of American homeowners remain under water on their mortgages a decade after the housing bubble burst.
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11.5 Percent of Properties with Mortgage Are Underwater, Down From Peak of 28.6 Percent; Number of Equity Rich Properties Increases 1.3 Million in 2015 to 12.6 Million; Half of All U.S. Properties.
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That’s in comparison to underwater mortgages across the nation, which stood at approximately 13 percent. source: forbes, "Study Finds 6.4 Million U. S. Homeowners Still Have Underwater Mortgages," Erin Carlyle, Dec. 17, 2013
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The homepage of the servicing industry. The National Association of Realtors recently released the results of a national survey conducted in July 2013 among homebuyers who had made their purchase.
A decade after the housing crisis, the lopsided recovery draws lots of attention to the extremes of the housing market: many homeowners are awash in home equity as the value of their properties surge,
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