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LATEST CORELOGIC ECON TWEETS

CoreLogic Renter Applicant Risk Index Shows a Continued Upward Trend of Renter Credit Quality

Midwest Region of the U.S. Shows Highest Renter Applicant Risk in Q1 2015

Jianjun Xie    |    Housing Trends

The CoreLogic SafeRent Renter Applicant Risk (RAR) Index indicates the credit quality of renter applicants improved nationwide year over year as of Q1 2015 (Figure 1). According to the data, the risk of default among renters nationwide decreased year over year with an index value of 108 in Q1 2015 compared to an index value of 106 in Q1 2014. The two-point year-over-year increase in the Index is a sign of improving ability to meet lease obligations among prospective apartment renters...

What are the Most Active New Sales Markets?

Hint: Think Country Music

Sam Khater    |    Housing Trends

New home sales have totaled 441,000 over the last 12 months ending in January, up 3 percent from a year ago1. While still below the 660,000 annual average of the last 50 years, the national and regional data available from the Census Bureau mask local pockets of strength. In this post, we use public record deeds as the source of new home sales to examine patterns in the 50 metropolitan areas with the highest number of new sales. We evaluate markets by ranking them on two...

Cash Sales Made Up 38 Percent of All Home Sales in February 2015

The Cash Share of Sales Has Decreased 9 Percentage Points from Peak

Molly Boesel    |    Housing Trends

Cash sales made up 37.9 percent of total home sales in February 2015, down from 40.6 percent in February 2014. The year-over-year share has fallen each month since January 2013, making February 2015 the 26th consecutive month of declines. Month over month, the cash sales share fell by 1 percentage point. Due to seasonality in the housing market, cash sales share comparisons should be made on a year-over-year basis.

The cash sales share peak occurred in January 2011 when cash...

Number of Loans in Foreclosure Lowest Since December 2007

Judicial States Account for Nearly Three-Quarters of Loans in Foreclosure

Molly Boesel    |    Mortgage Trends

CoreLogic reported today that the national foreclosure inventory fell by 25.7 percent year over year in March 2015 to approximately 542,000 homes, or 1.4 percent of all homes with a mortgage. This marks 41 months of consecutive year-over-year declines, as shown in Figure 1. Also in March 2015, the 12-month sum of completed foreclosures continued to decline, dropping by 15.5 percent to 544,000 since March 2014. The...

CoreLogic and Urban Institute Seminar Explores Mortgage Servicing Issues

Current State and Future Trends

Faith Schwartz    |    Mortgage Trends

CoreLogic and the Urban Institute recently co-hosted a discussion that delved into the current issues facing loan servicing and how those issues impact multiple aspects of the residential housing finance ecosystem.

Why are we still talking about residential mortgage loan servicing

Ten years ago, it would be hard to imagine many people knowing the name of their mortgage loan servicer, while most would certainly recognize who originated their first...

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