Home price appreciation during the first quarter of 2014 resulted in 312,000 borrowers regaining equity in their properties.

The overall number of mortgaged residential properties with equity is now more than 43 million, according to CoreLogic data released Thursday. But out of all borrowers whose properties are in positive equity, about 10 million are deemed to be "under-equitied," with less than 20% of equity, CoreLogic says. This means borrowers have a harder time refinancing their existing homes or obtaining new financing to sell and buy another asset due to underwriting constraints.

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