CoreLogic: Negative Equity Declines by $51b in Q1

Yesterday CoreLogic published their Negative Equity Report for the First Quarter, and found that 11.4 million homes with mortgages were underwater, a decrease of 700,000 from the fourth quarter of 2012. �This represents 23.7 percent of all U.S. homes with mortgages. �In addition, 2.3 million borrowers had near negative equity (less than 5%). �Total negative [...]

Source: http://www.totalmortgage.com/blog/mortgage-rates/corelogic-negative-equity-declines-by-51b-in-q1/17619

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