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October 2016 Archives

Effects of Student Loan Debt on Millennial Renters’ Creditworthiness

Education Still Makes a Difference

Jianjun Xie    |    Housing Trends


As college costs have skyrocketed, students and their families have taken on debt to make up the difference. Many studies have pointed out that the increasing student debt has created a financial burden on millennials and postponed their homebuying decisions. Few addressed the effect of student loan debt on millennials’ creditworthiness.

CoreLogic has studied the effects of...

Earthquake Risk: Spotlight on California

New Science is Transforming the Way Earthquake Risk is Managed

Maiclaire Bolton    |    Natural Hazard Risk


Recent changes in earthquake hazard science in California are transforming the way we think about managing earthquake risk. The Uniform California Earthquake Rupture Forecast (UCERF) is a multi-year project by a consortia of leading scientists known as the Working Group on California Earthquake Probabilities (WGCEP) that offers a consensus-based view of earthquake hazard across...

Cash and Distressed Sales Update: July 2016

Cash Sales Accounted for Just Under 30 Percent of All Home Sales in July

Molly Boesel    |    Housing Trends

  • The cash sales share fell 1.9 percentage points from July 2015
  • Of total sales in July 2016, distressed sales accounted for 7.2 percent and real estate-owned (REO) sales accounted for 4.3 percent
  • The REO sales share in July was the lowest for any month since July 2007

Cash sales accounted for 29.7 percent of total home sales in July 2016, down...

An Unconstitutional Structure Part I

What You Need to Know About the PHH v. CFPB Decision

Russell McIntyre    |    Housing Policy



In November 2014, New Jersey-based mortgage lender PHH Corporation was fined $6.4 million for illegally taking kickbacks in the guise of reinsurance premiums paid by mortgage insurers to one of the company’s subsidiaries. Six months later, the Director of the Consumer Financial Protection Bureau (CFPB or the bureau) Richard...

An Unconstitutional Structure Part II

Industry Reactions to the PHH v. CFPB Decision

Russell McIntyre    |    Housing Policy


On October 11, a panel of judges on the U.S. Court of Appeals for the District of Columbia ruled that the single-director structure of the Consumer Financial Protection Bureau (CFPB or the bureau) was unconstitutional. The ruling does not replace the director with a board or group of commissioners; instead, it gives the president the power to dismiss the director “at will.” For a...