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Blog Entries By Sam Khater

Mortgage Risk Improves, but Watch for Red Flags

Legacy loans and home price volatility signaling “caution”

Sam Khater    |    Mortgage Performance

Bulk of New Foreclosures Starts are Legacy Loans

Mortgage risk performance is improving, but there’s still a ways to go. Two red flags in particular need to be watched by the industry: the major risk still posed by legacy loans, and higher home price correlations across various markets.

First the good news: Mortgage underwriting is relatively tight compared to the early 2000s, and serious delinquencies for recent...

What’s the Deal with Michigan Foreclosures?

Wayne County auction spikes numbers each September

Sam Khater    |    Market Trends

Each September, Wayne County, Mich. (part of the Detroit metropolitan area) puts up for auction tens of thousands of properties whose owners are more than three years behind on their property taxes. The auction is so large that it is apparent in the Michigan and U.S. completed foreclosure numbers. CoreLogic reports foreclosure trends each month, and recently launched an Insights App where...

Housing Starts Rise, but Completions Lag Behind

Sam Khater    |    Market Trends

Housing starts rose smartly in September, driven by the multifamily sector, but completions are not matching that hot pace, especially for low-end homes.

The implication is clear: with demand rising but supply in the form of completions slowing, there will be more pressure on home prices to rise, especially the low end due to the Federal Housing Administration’s decision in...

The Size of the Mortgage Market in 2015

Sam Khater    |    Mortgage Performance

Three weeks before the Federal Financial Institutions Examination Council (FFIEC) released the 2014 Home Mortgage Disclosure Act (HMDA) data, CoreLogic estimated what the “headline” numbers would be. The actual HMDA numbers came out on September 22. So, how did we do in our September 2 estimate?

First, a little background: HMDA gets its data from data submissions of...

The State of the Nation’s Housing

Sam Khater    |    Market Trends

Today the Joint Center for Housing Studies of Harvard University released the 2015 State of the Nation’s Housing report, which highlighted four main trends. First, homeownership rates by age are declining faster than the overall rate. Second, the rental boom is not only driven by millennials, but also by older households. Third, rental burdens are high and spreading beyond low-income...

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