More US mortgages are ‘seriously underwater’ as equity dwindles

The share of seriously underwater mortgages moved up slightly from 2.6 percent to 2.7 percent in the first quarter, according to a report from Attom released Thursday. Continue reading

Homeowners gained $3.8T in equity over the past year, CoreLogic says

Homeowner equity grew by 32.2 percent in the past year as the number of borrowers underwater on their mortgages fell to a new low. California, Hawaii and Washington led the way. Continue reading