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LATEST CORELOGIC ECON TWEETS

Mortgage Performance

How Much is Left to Refinance?

Most Mortgages Have Rates Close to or Below Current Market Rates

Molly Boesel    |    Mortgage Performance

Current Mortgage Rates of Active Loans

With Mortgage rates expected to rise this year[1] what will happen with refinancing? How much is left to refinance?

CoreLogic tracks the current interest rates on outstanding mortgages in its servicer-contributed database. The accompanying chart shows the share of outstanding mortgages by interest rate bucket for both the...

Far Fewer Low Credit Score Applicants Than Before Housing Crisis

If Credit Underwriting Has Tightened, Why Have Denial Rates Fallen?

Archana Pradhan    |    Mortgage Performance

Compared with a decade ago, single-family home-purchase originations have declined significantly. There were 11.7 million loan applications for single-family home-purchase mortgages in 2005, which plunged to 3.6 million in 2011 (lowest in the decade), and rose to 4.6 million in 2014. The decline in number of applications from 2005’s peak to 2014 represents an overall drop of 60 percent...

National Foreclosure Inventory Falls Year Over Year in March

North Dakota Was the Only State to Post an Increase in Foreclosure Inventory

Molly Boesel    |    Mortgage Performance

Distressed Inventory
  • The foreclosure inventory fell 23 percent year over year in March 2016.
  • The seriously delinquent inventory fell 19 percent year over year in March 2016.
  • All states except North Dakota and West Virginia had a decrease in the serious delinquency rate, but the increase was minimal for each of these states.

The national foreclosure inventory...

Distressed Sales Accounted for 11 Percent of Homes Sold Nationally in February 2016

Distressed Sales Shares Still Declining in Oil States

Molly Boesel    |    Mortgage Performance

Distressed Sales
  • Of total sales in February 2016, distressed sales accounted for 11.1 percent and real estate-owned (REO) sales accounted for 7.8 percent
  • The REO sales share was 21.3 percentage points below its peak of 27.9 percent in January 2009
  • Distressed sales shares fell in most states, including the oil markets

Distressed sales, which include REO and...

National Foreclosure Inventory Falls Year Over Year in February

Decline Experienced in All States

Molly Boesel    |    Mortgage Performance

  • The foreclosure inventory fell nearly 24 percent year over year in February 2016.
  • The seriously delinquent inventory fell almost 20 percent year over year in February 2016.
  • All states except North Dakota had a decrease in the seriously delinquent rate, but the increase was minimal.

The national foreclosure inventory – the number of loans...

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