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Posts Tagged ‘ negative ’

Mortgage Equity Withdrawal Negative in Q1

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Mortgage Equity Withdrawal Negative in Q1

Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. The following data is calculated from the Fed’s Flow of Funds data (released last week) and the BEA supplement data on single family structure investment. This is an aggregate...
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CoreLogic: “3.1 million Homes were still in negative equity” at end of Q1 2017

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CoreLogic: “3.1 million Homes were still in negative equity” at end of Q1 2017

From CoreLogic: CoreLogic® Reports Nearly 9 Million Borrowers Have Regained Equity Since the Height of the Crisis in 2011 Rising home prices led to improvements in home equity, with 91 thousand residential properties regaining equity in Q1 2017. The number of mortgaged residential properties with equity is now at 48.2 million. An additional 0.6...
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Lawler: Consistent with Other US Housing Reports, Negative Equity Estimates Vary Widely!

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Lawler: Consistent with Other US Housing Reports, Negative Equity Estimates Vary Widely!

CR Note: This is from housing economist Tom Lawler. Lawler has been pointing out the inconsistency in US housing data; this time on negative equity. CoreLogic released its “Equity Report” for the second quarter of 2013, in which the company estimates the distribution of equity (home value less mortgage balance) across all U.S. single-family...
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Lawler: 31% of FHA loans in negative equity

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Lawler: 31% of FHA loans in negative equity

A short note from economist Tom Lawler: In CoreLogic’s “Negative Equity Report” for December 2011, the company estimated that properties backing a conventional mortgage that were in a negative equity position had an average mortgage balance of 9,000 and were “underwater” on average by ,000. For properties backing FHA-insured mortgages that were in a...
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Q3 2011: Mortgage Equity Withdrawal strongly negative

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Q3 2011: Mortgage Equity Withdrawal strongly negative

Special Note: Dr. James Kennedy has a new method for calculating equity extraction: “A Simple Method for Estimating Gross Equity Extracted from Housing Wealth”. I still haven’t evaluated his method yet (here is a companion spread sheet), so the following is using my old “simple” method. Note 2: This is not Mortgage Equity Withdrawal...
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Mortgage Settlement Update: A Refinance Plan for Certain borrowers with Negative Equity

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Mortgage Settlement Update: A Refinance Plan for Certain borrowers with Negative Equity

The following report suggests that a refinance plan for borrowers with negative equity might be part of any mortgage settlement. This would only apply to mortgages owned by the banks – and for borrowers who are current. From the WSJ: New Mortgage Plan Floated The plan under consideration would make refinancing available to some...
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Fitch sees 10% drop in home prices in 2011, negative outlook for MBS

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Fitch sees 10% drop in home prices in 2011, negative outlook for MBS

Fitch Ratings expects another 10% decline in home prices in 2011, as the supply of distressed properties continues to weigh down the housing market. Accordingly, analysts maintained the agency's negative outlook for the residential mortgage-backed securities space and said 53% of all investment-grade RMBS rated by Fitch have a negative outlook. The number of...
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