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LATEST CORELOGIC ECON TWEETS

Wildfire in 2015: Can Prior Years Tell Us What to Expect?

Tom Jeffery    |    Natural Hazards

The past two years did not result in the amount of wildfire activity that many wildfire scientists, foresters and fire responders had expected. Looking back, the 2013 season had all the earmarks of a bad year, with the continued U.S. drought and related accumulation of dry fuels. The 2014 season saw an enhancement of the drought in many areas and even more trepidation about the potential for a spark that would ignite massive firestorms similar to or even greater than the huge blazes in...

FHFA Makes Decision on G-Fees

Incremental Changes Forthcoming

Stuart Quinn    |    Housing Policy

On April 17, 2015, the Federal Housing Finance Agency (FHFA), conservator of Fannie Mae and Freddie Mac, announced incremental changes to their guarantee fee adjustments (g-fees). The agency is removing the upfront adverse market conditions fee (AMDC) of 25 basis points (0.25 percent bps) that was imposed in 2008 to account for the unpredictability in...

#HousingBloom

CoreLogic and the Housing Policy Council of the Financial Services Roundtable host a breakfast event in Washington D.C., April 14, 2015 discussing the state of housing and housing reform.

Faith Schwartz    |    Economic Trends, Housing Trends

I had the pleasure of moderating the first panel at our co-hosted event in Washington, D.C. on Tuesday, April, 14th.  Refreshing and insightful information was offered by three respected chief economists, including Dr. Frank Nothaft of CoreLogic, Dr. David Crowe of the National Association of Homebuilders and Dr. Nela Richardson of Redfin. Each offered a unique take and perspective on the housing market, a few of which I’ve...

National Foreclosure Inventory Down 27 Percent Year Over Year in February

Florida Experiences Largest Year-Over-Year State Improvement

Molly Boesel    |    Mortgage Trends

Today CoreLogic reported that the national foreclosure inventory fell by 27.3 percent year over year in February 2015 to approximately 553,000 homes, or 1.4 percent of all homes with a mortgage, down from 761,000, or 1.9 percent, in February 2014. This marks 40 months of continuous year-over-year declines in the foreclosure inventory, including 25 straight months...

When First Doesn’t Really Mean First

When Third-Party Tax Lenders Jump to the Head of the Line

Mark Liu    |    Mortgage Trends, Valuation

In the event that a homeowner defaults on his or her mortgage loan and the home is to be sold, who would be first in line to receive funds? The obvious answer seems to be the first-lien mortgage holder, right? Well, think again. In some states like Texas and Nevada, others may legally be able to jump to the front of the line in the foreclosure process, bumping even first-lien mortgage holders. One such example is third-party property tax lenders.

Third-party property tax lenders...

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