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TH E M R EP O RT | 53 O R I G I NAT I O N S E R V I C I N G A NA LY T I C S S E C O N DA R Y M A R K E T ANALYTICS Nevada 15.3% 66.6% 84.7% Florida 14.0% 61.1% 86.0% Maryland 11.8% 64.0% 88.2% Illinois 11.7% 64.3% 88.3% Arizona 11.6% 65.3% 88.4% Rhode Island 11.3% 57.3% 88.7% New Jersey 11.1% 59.1% 88.9% Ohio 10.6% 66.3% 89.4% Connecticut 10.3% 58.9% 89.7% Michigan 9.3% 61.0% 90.7% Delaware 8.1% 62.6% 91.9% New Hampshire 8.1% 63.2% 91.9% Wisconsin 7.8% 64.9% 92.2% Georgia 7.5% 63.1% 92.5% Virginia 7.3% 62.1% 92.7% Arkansas 7.2% 70.2% 92.8% NATIONAL AVG. 7.0% 56.0% 93.0% New Mexico 6.8% 63.4% 93.3% Massachusetts 6.4% 51.8% 93.6% South Carolina 5.9% 61.7% 94.1% Alabama 5.8% 63.8% 94.2% Iowa 5.8% 65.7% 94.2% Pennsylvania 5.7% 59.1% 94.3% Missouri 5.6% 63.3% 94.4% Tennessee 5.5% 62.0% 94.6% Oklahoma 5.4% 69.1% 94.6% California 5.2% 48.1% 94.8% Nebraska 5.2% 67.7% 94.8% Kentucky 5.1% 63.3% 94.9% North Carolina 5.1% 61.8% 94.9% Minnesota 4.8% 59.6% 95.2% New York 4.7% 46.4% 95.3% Idaho 4.6% 60.2% 95.4% Kansas 4.3% 62.8% 95.7% North Dakota 4.1% 58.1% 95.9% District of Columbia 3.9% 52.1% 96.1% Indiana 3.5% 61.7% 96.5% Montana 2.5% 54.1% 97.5% Oregon 2.5% 52.6% 97.5% Washington 2.5% 52.3% 97.5% Utah 2.4% 57.1% 97.6% Hawaii 2.3% 43.7% 97.7% Colorado 2.2% 54.9% 97.8% Alaska 2.0% 62.5% 98.0% Texas 1.7% 55.0% 98.3% Source: CoreLogic Equity Report, Second Quarter of 2016 *Only those properties with mortgages are included. NEGATIVE EQUITY SHARE NEGATIVE EQUITY SHARE AVERAGE LTV AVERAGE LTV EQUITY SHARE EQUITY SHARE STAYING ABOVE WATER The number of mortgaged residential homes with negative equity, or homes that are "underwater," has been steadily declining since peaking in 2011 due to continued home price appreciation in the last five years. In the second quarter of 2016, approximately 548,000 mortgaged residential properties regained equity, bringing the nationwide total of mortgaged residential properties with equity up to 47.2 million (approximately 93 percent). The properties that regained equity in Q2 calculated to a decline of $30 billion in aggregate negative equity nationwide. CoreLogic estimates that if home prices rise by another 5 percent—which they are expected to do by the end of the summer of 2017—another 700,000 homes would regain equity. ANALYTICS AROUND THE U.S.