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September 2017 Archives

Loan Performance Insights Report Highlights: June 2017

Foreclosure Rate Lowest in Ten Years

Molly Boesel    |    Mortgage Performance

 
  • Strong job growth and house price appreciation have contributed to declines in delinquencies
  • The current-to 30-day transition rate edged down in June 2017 from a year earlier
  • San Francisco had the lowest delinquency rate of the largest metro areas

In June 2017, 4.5 percent of home mortgages were in some stage of delinquency, down from 5.3 percent a...

U.S. Economic Outlook: September 2017

Canadians are largest foreign buyers in U.S.: Most homes were bought in Florida

Frank Nothaft    |    Housing Trends, Videos

 

Nonresident foreign buyers purchased about 119,000 homes in the United States from April 2016 to March 2017, according to the National Association of Realtors, or about 2 percent of all homes sold.[1]  The largest number of nonresident buyers were from Canada, the second most from China and third most from Mexico.  Buyers from these...

Hurricane Harvey: Identifying the Insurance Gap

CoreLogic estimates that 70 percent of the flood damage from Hurricane Harvey is uninsured

Tom Larsen    |    Natural Hazard Risk

 

As hurricane Harvey made landfall north of Corpus Christi last week, this Category 4 hurricane left devastation in its wake. CoreLogic® estimates that the total residential insured and uninsured flood loss for Hurricane Harvey is between $25 Billion and $37 billion. In the days before making landfall, the hurricane rapidly intensified, transforming itself from a small tropical storm of...

Making the Adjustment

The Modern Age of Desk Adjusting for the Insurance Industry

Curtis McDonald    |    Insurance

 

Deploying adjusters to the field is a large overhead cost for insurance companies. Incoming claims vary in terms of size and severity, and with that, not every claim requires an on-site adjustment. Thus, in addition to field adjusters, insurance companies rely heavily on a robust desk adjustment program to address smaller claims at higher volumes. To make for effective desk adjusting, these...

Know Your Risk. Accelerate Your Recovery: Dr. Frank Nothaft Discusses the Potential Impact of Hurricane Harvey

Houston will be in recovery for many months or years.

Frank Nothaft    |    Videos

 

In the wake of Hurricane Harvey two senior leaders from CoreLogic, Frank Nothaft and Stuart Pratt, discuss potential damage from the storm and the time it will take Houston and the greater metropolitan area to recover lost or damaged residential properties. Watch this video blog to learn basic information around residential vacancy rates and potential reconstruction efforts in...