CoreLogic

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20% of Illinois mortgage holders underwater in 3Q

An index that measures how many homeowners are underwater on their mortgages fell for the third consecutive quarter but the decrease was more attributed to completed foreclosures than any gain in home values.

About 10.8 million U.S. homes, or 22.5 percent of all homes with mortgages had negative equity, meaning the homeowner owed more on the mortgage than the home was worth at the end of the third quarter, data provider CoreLogic said Monday. That compares with 11 million properties, or 23 percent of all homes in the second quarter. Get the full story »

Mortgage fraud on rise again

According to data from research firm CoreLogic, prepared for the Wall Street Journal, losses from mortgage fraud rose 17 percent last year after declining 57 percent in 2008. And the scams are getting more sophisticated to counter tighter rules put in place after the market collapse.

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