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Tag: Negative Equity

CoreLogic Second Quarter: 2014 National Equity Overview

By on November 17, 2014 in Market Updates, Mortgage Infographics
CoreLogic Second Quarter: 2014 National Equity Overview

Despite the 34.2% increase in underwater homes in the U.S., 94.0% of more expensive homes have regained equity. The top five states with equity gain in mortgaged residential properties are: 1) Texas – 97.3% 2) Alaska – 96.5% 3) Montana – 96.4% 4) North Dakota – 96.0% 5) Hawaii – 96.0%

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Survive Your Underwater Mortgage

By on September 3, 2014 in Mortgage Programs, Uncategorized
Survive Your Underwater Mortgage

You’ve been told by your lender that a 6.75 percent home loan is the best value you’ll see in the industry, but that was several years ago. If you still have that loan, but are struggling to find the monthly funds to pay it, there is relief in the form of The Home Affordable Refinance […]

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Refinancing Even With High Negative Equity

By on September 3, 2014 in Mortgage Programs, Uncategorized
Refinancing Even With High Negative Equity

The United States government wanted a way to jump-start the real estate and national economies with a burgeoning program for nearly all homeowners. HARP, or Home Affordable Refinance Program, allows you to refinance your home while underwater with your lender. Potential Savings On average, one underwater mortgage can save around 33 percent on each monthly […]

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A Refinance Program Giving Back to the Middle Class

By on September 2, 2014 in Mortgage Programs
A Refinance Program Giving Back to the Middle Class

Mortgage rates are lower today than they have been for years. For those who are already committed to a current existing rate, you are not out of options to achieve a lower rate through a refinance. Even though the opportunity has been around since 2009, one of the nation’s most effective mortgage payment reducing program […]

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April 2014 FHFA Refinance Market Update

By on July 4, 2014 in Market Updates
April 2014 FHFA Refinance Market Update

HARP 2.0 For the underwater homeowners who are unaware of the Home Affordable Refinance Program (HARP) it may seem like a short sale or taking a loss to foreclosure may be the only way out. Negative equity followed by the millions of foreclosures has taken a toll on the U.S. economy for many years now. […]

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Save Our Housing Economy: Help Encourage HARP Refinance Before Deadline

By on July 1, 2014 in Mortgage Programs
Save Our Housing Economy: Help Encourage HARP Refinance Before Deadline

Between 2013 and 2014, home refinancing numbers dropped 56 percent, showing a market halt to an otherwise recovering housing industry. One of the key factors may have been rising interest rates, reflecting values based on credit scores. Rates were even smaller in 2012 at slightly lower than 4 percent. The need for refinancing is still […]

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May 2014: RealtyTrac’s Top Foreclosure States

By on June 21, 2014 in Market Updates
May 2014: RealtyTrac’s Top Foreclosure States

Foreclosures for the month of May has dropped since the month of April according to the most recent RealtyTrac report. When compared between both months, there was a 15,231 difference in properties that are currently in some stage of foreclosure. During the month of May, the properties that filed for a foreclosure was 5% lower […]

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February 2014: Realtytrac’s Top 5 Foreclosure States

By on March 13, 2014 in Market Updates
February 2014: Realtytrac’s Top 5 Foreclosure States

According to a most recent Realtytrac (the leading online marketplace of foreclosure properties, along with detailed property and home sales data) report released for the month of February 2014, there are currently 1,196,954 properties that are in some stage of foreclosure in the United States today. The number of foreclosure filings received for the month […]

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December 2013 CoreLogic Report: Top 10 Negative Equity States

By on March 10, 2014 in Market Updates
December 2013 CoreLogic Report: Top 10 Negative Equity States

As a nation, the U.S. currently has 1,188,502 properties currently in some stage of foreclosure according to the recent Realtytrac Foreclosure report for the month of January 2014. The nation’s negative equity share released by Corelogic (a leading property information, analytics and services provider in the United States) for the fourth quarter (most recent report […]

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December 2013: FHFA’s Top 10 HARP Refinance States

By on March 3, 2014 in Market Updates
December 2013: FHFA’s Top 10 HARP Refinance States

The Federal Housing Finance Agency (FHFA) released its most recent HARP Refinance Activity report for December 2013. Ending the year of 2013, Florida had the highest HARP Refinance volume along with the most underwater borrowers with LTV’s greater than 125 percent. Underwater homeowners nationwide have been able to reap the benefits of the unique refinance […]

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Negative Equity Report: CoreLogic – Top 10 States

By on January 9, 2014 in Market Updates
Negative Equity Report: CoreLogic – Top 10 States

CoreLogic’s negative equity analysis report in the third quarter of 2013 insists that if we are able to see an increase of an additional five percent in home prices, approximately 1.2 homes would be able to regain positive equity. The third quarter also showed the top 10 states currently struggling with negative equity. Nevada led […]

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