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7 SVP Business Development, Auction.com Page 28 THE EXCHANGE WITH Jesse Roth Journal Compiled by the DS News Staff TA K E A L O O K I N S I D E T H E N U M B E R S DATA BITS Source: Lending Tree: Google Searches for 'Forbearance' and 'Mortgage Forbearance' Have Fallen After Hitting 2020 Peaks FEWER HOMES UNDERWATER e amount of equity in mortgaged real estate increased by $590 billion in Q1 2020 from Q1 2019, an annual increase of 6.5%, according to CoreLogic's Equity Report. CoreLogic reveals that borrower equity hit a new high in Q1 2020, with borrowers gaining over $6 trillion in equity over the past 10 years. According to the report, the nationwide negative equity share for Q1 2020 was 3.4% of all homes with a mortgage, "the lowest share of homes with negative equity since CoreLogic started tracking it in the third quarter of 2009." e number of underwater properties decreased by 350,000 from Q1 2019 to Q1 2020. e report of course explores COVID- 19's impact as it spread during the latter half of Q1 2020, "with the immediate economic impact not fully realized until the end of March." However, the report states that the pandemic did not lower borrower equity in Q1 2020 since home prices continued their upward momentum and added to borrower equity through March. Louisiana more than doubled the national average with 9.6% of mortgages with negative equity. Connecticut (7.1%) and Illinois (7%) were the other two of the top three states with the highest negative equity shares. CoreLogic notes that states with high negative equity shares have experienced low home price appreciation. "e average amount of negative equity is inversely related to the negative equity share," CoreLogic states. "For example, in this group of CBSAs, San Francisco has the largest average amount of negative equity, but the negative equity share is only 0.7%. Miami has the smallest average amount of negative equity, but has a negative equity share of 8%, which is more than double the national rate." e Q1 2020 U.S. Home Equity & Underwater Report from ATTOM Data Solutions revealed that 14.5 million residential properties in the United States were considered equity-rich, meaning the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value. e count of equity-rich properties in Q1 2020 represented 26.5%, or about one in four, of the 54.7 million mortgaged homes in the U.S. at percentage was down slightly from the 26.7% level in Q4 2019. e report also shows that just 3.6 million, or one in 15, mortgaged homes in Q1 2020 were considered seriously underwater, with a combined estimated balance of loans secured by the property at least 25% more than the property's estimated market value. at figure represented 6.6% of all U.S. properties with a mortgage, up slightly from 6.4% in the prior quarter. I N S I D E T H E J O U R N A L | O N T H E W E B | T H E A P P S P E C T R U M | M O V E R S & S H A K E R S A look at facts you didn't know you couldn't live without. Per a FHFA report, 170,533 forbearance plans were initiated in Q1 2020. The FTC reported that there have been around 50,000 reports of COVID-19 related scams since start of 2020, with a loss of more than $35 million. 1 LOUISVILLE KENTUCKY 1.9% 2 ST. LOUIS MISSOURI 1.8% 3 OMAHA NEBRASKA 1.8% 4 BOISE CITY IDAHO 1.8% 5 OGDEN UTAH 1.8% 6 KNOXVILLE TENNESSEE 1.8% 7 CINCINNATI OHIO 1.7% 8 DAYTON OHIO 1.6% 9 MADISON WISCONSIN 1.5% 10 DES MOINES IOWA 1.3% STATES WITH THE SMALLEST INCREASE IN DELINQUENCY RATE 1 MIAMI FLORIDA 7.2% 2 LAS VEGAS NEVADA 6.2% 3 MCALLEN TEXAS 5.7% 4 NEW YORK-NEWARK NEW YORK-NEW JERSEY 5.4% 5 NEW ORLEANS LOUISIANA 5.1% 6 ORLANDO FLORIDA 5% 7 STOCKTON CALIFORNIA 4.9% 8 BRIDGEPORT CONNECTICUT 4.6% 9 BAKERSFIELD CALIFORNIA 4.5% 10 NEW HAVEN CONNECTICUT 4.4% STATES WITH THE LARGEST INCREASE IN DELINQUENCY RATE RANK CITY STATE MONTHLY INCREASE RANK CITY STATE MONTHLY INCREASE

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