CoreLogic: 90 percent of homes regained equity in 2014 | News | The Title Report

http://thetitlereport.com/TTR/Articles/CoreLogic-90-percent-of-homes-regained-equity-in-2-62778.aspx?utm_source=vwTTRget&utm_medium=email&utm_campaign=TTR_Mon_Enews

“Of the 44.6 million residential properties with positive equity, approximately 9.4 million, or 19 percent, have less than 20 percent equity (referred to as “under-equitied”) and 1.3 million of those have less than 5 percent equity (referred to as near-negative equity). Borrowers who are “under-equitied” may have a more difficult time refinancing their existing homes or obtaining new financing to sell and buy another home because of underwriting constraints. Borrowers with near-negative equity are considered at risk of moving into negative equity if home prices fall. In contrast, if home prices rose by as little as 5 percent, an additional 1 million homeowners now in negative equity would regain equity.”

CoreLogic Reports 273,000 Residential Properties Regained Equity in Q3 2014

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