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The share of mortgages that are underwater continued to shrink in the third quarter of the year, according to figures released today by the data and analytics firm CoreLogic.
Read More at MortgageLoan.com
Here is the original:
Underwater Mortgages Slowly Declining
More than half of all homeowners with equity in their property are still paying above-market mortgage rates, despite a refinancing boom driven by historically low interest rates.
Read More at MortgageLoan.com
Source:
Half With Positive Equity Still Paying Above-Market Rates
Home buyers who took out mortgage insurance rather than opting for a second “piggyback” mortgage prior to the downturn are turning out to be far less likely to default on their mortgages, a new study reports.
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Americans are much more pessimistic about the value of their homes than housing market analysts say they ought to be, results from a new survey suggest.
Read More at MortgageLoan.com
See the rest here:
Homeowners Pessimistic About Equity
Newly initiated foreclosures were up in May, while the number of homes actually lost to foreclosure fell for a second consecutive month. Meanwhile, mortgage delinquencies rose slightly for a second month in a row.
Read More at MortgageLoan.com
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Foreclosures Down, Delinquencies Up
Home equity lending has risen for the first time in five years, according to the credit reporting firm Equifax, while credit card and auto lending has risen as well.
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Go here to see the original:
Home Equity Lending Increases
Nearly one in five borrowers who default on their mortgages does so deliberately despite being able to keep up with their payments, according to a major credit reporting agency.
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17% of Defaults Called Deliberate
A proposed rule that would require homebuyers to put at least 20 percent down to qualify for the lowest mortgage rates would have excluded nearly two out of every five mortgages originated last year, according to a new analysis.
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Original post:
4 in 10 Could Face Higher Rates
Fewer homeowners are getting into trouble on their mortgages, as the mortgage delinquency rate has fallen for the fifth consecutive quarter, according to credit reporting firm TransUnion.
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Mortgage Delinquencies Fall Again
Attitudes among homeowners who are underwater on their mortgages have changed significantly over the past year, with nearly twice as many now saying it is ok for someone in financial trouble to simply walk away from their mortgage.
Read More at MortgageLoan.com
Continued here:
Shift Seen Among Those Underwater