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September 12, 2012

CoreLogic: 1.3 million people out from underwater mortgage

by Central Coast Lending

According to a report by CoreLogic, there are now 1.3 million fewer people who owe more than there home is worth. This improvement is through the end of June and reflects the trend of rising home prices has swept the nation.

Down from a peak of 12.1 million loans, there are now 10.8 million underwater homeowners with a mortgage in the United States.

Despite the gains, 22.4 percent of homeowners with a mortgage still owed more than there home was worth at the end of July.


Central Coast Lending is a California mortgage brokerage based in San Luis Obispo County. With offices in San Luis Obispo, Morro Bay, Paso Robles, and Arroyo Grande, Central Coast Lending is the top source for Central Coast mortgage, real estate, and home loan needs. To see why using a broker offers lower rates and superior service, click HERE. For a free, hassle-free online pre-qualification click HERE or call 805.543.LOAN to talk to one of our expert loan officers.

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