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CoreLogic Econ

LATEST CORELOGIC ECON TWEETS

Mortgage Performance

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

Most of the Largest Metros Experienced Decreases in Distressed Sales Shares

Molly Boesel    |    Mortgage Performance

Distressed Sales as Percentage of Total Sales
  • Of total sales in January 2016, distressed sales accounted for 11.2 percent and real estate-owned (REO) sales accounted for 7.8 percent
  • The REO sales share was 20.2 percentage points lower than it was at its peak of 27.9 percent in January 2009
  • Only two of the nation’s largest 25 Core Based Statistical Areas (CBSAs) showed year-over-year increases in...

Jumbo MBS, Which Showed Signs of Life, Is Back on Life Support

2016 volume weak to date, perhaps because of TRID

Sam Khater    |    Mortgage Performance

Wall Street

Part II of a look at the current private-label securities market, to review Part I click here.

Pity the poor jumbo mortgage-backed security. When the mortgage market blew up a decade ago, jumbos had the misfortune...

National Foreclosure Inventory Falls Year Over Year in January

Serious Delinquency Rates Rise In Some Oil Markets

Molly Boesel    |    Mortgage Performance

Distressed Inventory
  • The foreclosure inventory fell nearly 22 percent year over year in January 2016.
  • The seriously delinquent inventory fell almost 23 percent year over year in January 2016.
  • Serious delinquency rates increased in two Texas metro areas – Midland and Odessa – from the prior year and foreclosure rates increased year over year in...

Credit Availability Trends

Underwriting Cautious but Loosening Slightly

Archana Pradhan    |    Mortgage Performance

Figure 1 Average Credit Score of Purchase Money

Homeownership is often regarded as a foundation to build wealth that has been accessible to most of America’s families.  Access to mortgage credit for prudent, responsible loan applicants – in other words, credit availability – is very important to support homeownership in a sustainable and responsible way.

The CoreLogic Housing Credit Index (HCI) was...

Distressed Sales Accounted for 10 Percent of Homes Sold Nationally in December 2015

REO Sales Share is down 21 Percentage Points From Its Highest Level

Molly Boesel    |    Mortgage Performance

Distressed Sales
  • Of total sales in December 2015, distressed sales made up 10.3 percent and real estate-owned (REO) sales made up 6.9 percent  
  • The REO sales share was 21 percentage points lower than it was at the peak recorded in January 2009 at 27.9 percent
  • Only eight states had increases in their distressed sales shares in December 2015

Distressed...

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