Morning Minute: Fewer homeowners underwater on mortgages in second quarter 2012

The number of  U.S. homeowners with negative equity in their homes dropped again in the second quarter of 2012, according to a new report from CoreLogic. About 10.8 million homeowners were underwater, down from 11.4 million properties in the first quarter of this year, HousingWire reports.

“The level of negative equity continues to improve with more than 1.3 million households regaining a positive equity position since the beginning of the year,” said Mark Fleming, chief economist for CoreLogic in a news release.

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