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LATEST CORELOGIC ECON TWEETS

Mortgage Performance

Distressed Sales Accounted for 11 Percent of Homes Sold Nationally in April 2015

Only Two States are Near ‘Normal’ Distressed Sales Share

Molly Boesel    |    Mortgage Performance

Distressed sales—real estate-owned (REO) and short sales—accounted for 11.1 percent of total home sales nationally in April 2015, down 3 percentage points from April 2014 and a 1.5 percentage point decrease from March 2015. Distressed sales shares typically decrease month over month in April due to seasonal factors, and this distressed sales share was the lowest for the month of...

Fraud Hot Spots Reemerging

Mortgage Application Fraud Risk Increasing in Florida, New Jersey and New York

Bret Fortenberry    |    Mortgage Performance

Mortgage application fraud risk in the U.S. has been steadily increasing at the national level since CoreLogic started tracking this data in 2010, and according to new analysis, fraud risk is becoming more prevalent in larger metropolitan areas, particularly in the Northeast and Southeast.

The analysis, based on the CoreLogic Mortgage Application Fraud Risk Index*, shows that since...

Housing Market Strength in Oil Metros

Equity Position of Texas Oil Metros is Strong

Molly Boesel    |    Mortgage Performance

Between the fall of 2014 and this spring, oil prices fell 42 percent1 and housing market watchers have been waiting to see what will happen in parts of the U.S. with heavy oil-related employment. The first potential piece of this data came out in April when the state-level employment report showed a month-over-month decrease in employment in Texas and Oklahoma for March...

Number of Loans in Foreclosure Lowest Since November 2007

Foreclosure Inventory at 67 Percent Below Peak

Molly Boesel    |    Mortgage Performance

CoreLogic reported today that the national foreclosure inventory fell by 24.9 percent year over year in April 2015 to approximately 521,000 homes, or 1.4 percent of all homes with a mortgage. This marks 42 months of consecutive year-over-year declines, as shown in...

Distressed Sales Accounted for 12 Percent of Homes Sold Nationally in March 2015

Michigan Had the Highest Distressed Sale Share of Any State

Molly Boesel    |    Mortgage Performance

Distressed sales—real estate-owned (REO) and short sales—accounted for 12.1 percent of total home sales nationally in March 2015, a 3.2 percentage point drop from March 2014 and a 1.9 percentage point decrease from February 2015. Distressed sales shares typically decrease month over month in March due to seasonal factors, and this distressed sales share was the lowest for the...

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