• According to numbers compiled by data-provider CoreLogic, about 600,000 mortgaged American homes came above water during the second three months of the year. That made 1.3 million since the start of 2012.
• Underwater borrowers – 10.8 million – still represent about 22.3% of the nation's home loans, but that is better than the 23.7% in the first quarter. During April, May and June, 2.3 million borrowers were on the edge of sinking, with less than 5% equity in their homes.
• CoreLogic CEO Anand Nallathambi said a 5% national rise in hours prices would do a lot to drain the water that still covers so many mortgaged homes.

From the article:

About 10.8 million, or roughly 22.3%, of homes financed with mortgages were in negative equity at the end of the second quarter, CoreLogic said Wednesday. ...