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Number of Underwater Properties Decreased in Q2

In CoreLogic's Homeowner Equity Insights report, in the second quarter of 2023, the total number of mortgaged residential properties with negative equity decreased by 6% from the first quarter of 2023, representing 1.1 million homes, or 2% of all mortgaged properties.

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Examining QC Trends in the Mortgage Servicing Space

In an analysis of the top quality control issues found in the mortgage servicing marketplace, missing bankruptcy notices and proof of claims documentation topped the list, with a wave of delinquencies and borrowers seeking bankruptcy court protection creating new levels of demand.

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