Tag Archives: Seriously Underwater Mortgages

The portion of equity-rich mortgaged homes has decreased, but the overwhelming majority still have massive amounts of equity built up.

While underwater mortgages continue to improve throughout the U.S., ATTOM's 2023 U.S. Home Equity & Underwater Report revealed nearly half of all mortgaged properties were considered equity-rich in Q3, despite experiencing the largest quarterly decrease since 2019. Here’s what else the report reveals.

"Homeowners across the U.S. continue to sit in a far better position than they were just a few years ago, with historically elevated levels of wealth built up in their properties,” said Rob Barber, CEO for ATTOM Data.

According to new ATTOM data, 16 times as many mortgages are equity rich versus seriously underwater.

"Even though home price appreciation has slowed down dramatically in recent months, homeowners have continued to build equity," said Rick Sharga, EVP of Market Intelligence at ATTOM.

The highest percentage of residential mortgage loans that were seriously underwater in the third quarter were originated during the housing bubble between 2004 and 2008, according to RealtyTrac's U.S. Home Equity & Underwater Report for Q3 2014.

Nevada, Florida, and Illinois were the top three states in negative equity for residential properties in the third quarter of 2014, marking the fourth consecutive quarter those three states led the nation in that category, according to RealtyTrac's Home Equity & Underwater Report for Q3 2014 released Thursday.

The number of U.S. homeowners who were seriously underwater in the third quarter declined 11 percent from the previous quarter, hitting its lowest level in more than two years, according to RealtyTrac's Q3 2014 Home Equity & Underwater Report released Thursday.