Negative equity rate drops at a record pace

Just two weeks ago we noted that a record 25% of vehicles being traded in for used car purchases had negative equity of $3,635. Now, according to the latest report from Edmunds, the new car market isn’t any better off with 32% of trade-ins having an average negative equity balance of $4,832.

U.S. Negative Equity Rate Falls at Fastest Pace Ever in Q3; Almost 5 Million Homeowners Freed Since Peak Rate Has Fallen by More Than One-Third Since Peak; But At 21 Percent, Negative Equity Will.

The national negative equity rate plummeted at the fastest pace ever in the third quarter, with 21% of all mortgage homeowners in an underwater state, real estate website Zillow said. The new rate is.

Despite these large drops in negative equity, the rates remain high, especially when considering the effective negative equity rate. Table 1 shows the effective negative equity rates for the top 30 metros, where Las Vegas has the highest rate of 71.5%, followed by Atlanta at 64.1% and Riverside at 59.7%.

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Negative-equity levels are at record highs as lengthening loan terms, rising transaction prices and falling used-vehicle values combine to take a toll on consumers and the industry. In the first.

Going over rebates, negative equity, and how banks loan money While the S&P 500 index is up 7% in June, it’s fixed income ETFs that are on pace to set a new inflow record. With only a week left. along with a low-to-negative beta to equity drawdowns and equity.

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For the first time since 2011, negative equity fell below 30%, which is also the largest quarter-over-quarter drop, according to the Zillow third quarter Negative Equity Report.

CoreLogic: 791,000 underwater homes return to positive equity Insurers, Lenders Fight Over Foreclosure’s Policy Impact When the homeowner failed to maintain hazard insurance, the bank purchased a lender-placed insurance policy which showed the bank as the named insured and the homeowner as the "borrower." A final judgment of foreclosure was entered against the homeowner prior to filing suit against the insurance company.CoreLogic, a global property information, analytics and data-enabled services provider, released a new analysis showing more than 300,000 homes returned to positive equity in the first quarter of 2014, bringing the total number of mortgaged residential properties with equity to more than 43 million.

Mortgage rate drop below 5 percent stirs demand. sales of existing homes sank by more than 7 percent to the weakest level since June and new home sales set a record low.. but the erratic.

South African investors are moving their money out of the country at the fastest pace ever. Portfolio investment abroad jumped to the biggest quarterly outflow on record, the South African. and a.

HUD fines FirstBank Mortgage Partners for maternity-related discrimination FACT SHEET: mortgage lending discrimination .. mortgage, her income level is unnaturally low at that moment. A mortgage lender may try to refuse a loan for this reason; however, a woman on maternity leave is considered to be on. HUD Acts Against Pregnancy Discrimination in Home Mortgages "

Yet, here we are in negative. pace the past three months. But fear is rising that the sub-2% trend shown in Figure 4 is.

CHICAGO, IL–(Marketwired – May 8, 2013) – The national mortgage delinquency rate (the rate of borrowers 60 or more days past due) in Q1 2013 dropped 21% versus last year; and now stands at 4.56%.