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Blog Entries by Archana Pradhan

Jumbo Loans Cheaper than Conforming Loans

2017 Jumbo Loans: Full Doc and Made to Prime Credits

Archana Pradhan    |    Mortgage Performance

Average Interest Rates and Loan Amount

Large-balance mortgage loans are not only for wealthy homebuyers but also for middle-income borrowers in high-cost areas. Also known as ‘jumbo’ loans, historically these loans had a higher interest rate than conforming loans. However, since mid-2013 a jumbo loan has been cheaper to borrow than a conforming mortgage loan, by an average of 21 basis points during the first quarter of...

Housing Credit Index: First Quarter 2017

Loans Originated in the First Quarter Exhibit Slightly Higher Credit Risk Compared to the Previous Year

Archana Pradhan    |    Mortgage Performance

Corelogic Overall Housing Credit Index
  • CoreLogic’s Housing Credit Index (HCI) found mortgage loans originated during Q1 2017 exhibit slightly higher credit risk compared with the previous year but remained similar to early 2000s.
  • The average credit score for homebuyers increased 7 points between Q1 2016 and Q1 2017, rising from 734 to 741.
  • The average loan-to-value...

Is it Tight Underwriting or Too Few Applicants with Less-Than-Perfect Credit?

Comparing Mortgage Applications and Originations by Credit Score Distribution

Archana Pradhan    |    Housing Trends

Single Family Home Purchase Applications and Originations

In a blog series CoreLogic published last year, we observed that there were far fewer low credit score applicants in 2015 than in 2005....

Potential Homebuyers Seek Affordability and Warmth

Millennials Looking for Affordability and Jobs whereas Baby Boomers Looking for Affordability and Warmth

Archana Pradhan    |    Housing Trends

Top 16 States for In and Out Interstate Migration

Labor mobility in the U.S. has declined in recent years. Home owners are staying in their homes longer than in previous years. Corelogic data show homeowner mobility declining gradually over the past three decades.[1] Those homeowners who have wanted to move seem to be driven by economic opportunities, affordability and weather....

Housing Credit Index: Fourth Quarter 2016

Fourth Quarter Originations Exhibit Low Credit Risk, Consistent with the Previous Quarter

Archana Pradhan    |    Mortgage Performance

CoreLogic Overall Housing Credit Index
  • CoreLogic’s Housing Credit Index (HCI) found mortgage loans originated during Q4 2016 continued to exhibit low credit risk compared with the previous quarter and one year earlier. In terms of credit risk, loans originated during Q4 2016 are among the highest-quality home loans originated since the Millennium.
  • The average credit score for...