| Jun 8, 2011 4:04PM Approximately 22.7 percent of all U.S. homeowners were in a negative equity position with their mortgages at the end of the first quarter of 2011, down slightly from 23.1 percent in the fourth quarter of 2010. In a report released Tuesday, CoreLogic states that some 10.9 million borrowers are "underwater", i.e. owe more on their mortgages than their property is worth and another 2.5 million borrowers (5 percent) were in a near-negative equity position, which the real estate data and analytics company... Jun 8, 2011 10:14AM The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey* for the week ending June 3, 2011. The Refinance index seems to be stuck around the 2500 level, having risen about 500 points during the 2 month interest rate rally. The last two times mortgage rates were this low, the MBA's Refi Index was operating almost exclusively above the 4000 mark. That was over 7 months ago. The fact that these rates haven't motivated more refinance activity speaks to...
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