DS News

July 2016 - Taming the Threat

DSNews delivers stories, ideas, links, companies, people, events, and videos impacting the mortgage default servicing industry.

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ยป VISIT US ONLINE @ DSNEWS.COM 77 77 ALABAMA 7% 8.7% -1.5% HAWAII 2% 3.4% -1.2% IOWA 6% 7.1% -0.8% GEORGIA 9% 12.0% -3.1% FLORIDA 15% 21.1% -6.1% DISTRICT OF COLUMBIA 5% 5.2% -0.5% DELAWARE 9% 10.6% -2.0% NEW JERSEY 12% 13.5% -1.4% RHODE ISLAND 13% 15.8% -2.6% ARKANSAS 8% 9.1% -1.2% OKLAHOMA 6% 5.9% -0.3% MINNESOTA 6% 8.2% -2.4% NEW YORK 4% 5.4% -1.3% CONNECTICUT 11% 12.4% -1.2% NEW HAMPSHIRE 9% 12.5% -3.2% MARYLAND 13% 15.4% -2.4% MASSACHUSETTS 8% 9.1% -1.5% MISSOURI 6% 8.4% -2.4% MICHIGAN 11% 13.8% -2.9% NORTH CAROLINA 6% 7.3% -1.6% SOUTH CAROLINA 7% 9.0% -2.2% OHIO 12% 15.4% -3.0% ILLINOIS 14% 16.3% -1.9% INDIANA 4% 5.4% -1.3% KENTUCKY 6% 6.4% -0.8% TENNESSEE 6% 7.7% -1.5% WISCONSIN 9% 11.5% -2.4% VIRGINIA 9% 10.0% -1.3% PENNSYLVANIA 6% 7.3% -1.5% Q1 2016 | NegEq Share Q1 2015 | NegEq Share Difference Legend The nationwide negative equity share decreased in Q1 2016, falling from 10.3 percent in Q1 2015 to 8 percent in Q1 2016. The number of underwater loans (or those in negative equity) fell by about 1.1 million loans, from 5.1 million in Q1 2015 to 4 million in Q1 2016, according to the latest CoreLogic Equity Report. The total dollar amount of negative equity, which applies to borrowers who owe more on their mortgages than their homes are worth, fell to $299 billion in Q1 2016, down by $40.2 billion from Q1 2015. Data powered by

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