Underwater Borrowers Declining

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Underwater Borrowers Declining


The 26 percent decline for the first five months of 2015 outpaced the decline rate for the same period in 2014, which was 20 percent, Black Knight reported

Underwater Borrowers Declining

Approximately 158,000 of the one million fewer underwater borrowers since the start of 2015 were located in California, making it the state with the largest reduction in underwater borrower volume (34 percent) for that period, according to Black Knight. California’s home price appreciation since December (6.3 percent) has been about 50 percent higher than the national average of 4.1 percent.






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