CoreLogic

Why Have Lenders Changed Underwriting Standards?

The mortgage interest rate—it has repeatedly been reported—is at a record low and purchase loan application data indicates tremendous demand for home buying, according to the data analysts at CoreLogic, which in an article published Wednesday, compared the credit attributes for conventional conforming loans in Q2 of 2020 to the same quarter last year. “Loan … The post Why Have …

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Delinquency Rate Doubles Great Recession Peak

In July 2020, 6.6% of mortgages in the U.S. were delinquent by 30 days or more including those in foreclosure; this represents a 2.8-percentage point increase in the overall delinquency rate compared with July 2019. The CoreLogic Loan Performance Insights report measures mortgage performance through July, and is available in full here (upon login). “Measuring … The post Delinquency Rate …

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Study Shows American’s Ill-Prepared for Flooding

A few years ago, back in 2017, CoreLogic estimated that roughly 70% of the flooding damage incurred from Hurricane Harvey was uninsured. Sadly, according to CoreLogic’s most recent report, not much has changed. It would appear that homeowners are still often completely unaware of their increased risk and exposure to flooding—a lack of awareness that … The post Study Shows …

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Investor Update: Single-Family Rent Price Growth Stabilizes

“As job losses slowed in July, rent growth steadied,” said Molly Boesel, Principal Economist at CoreLogic. “However, increases in rents should remain sluggish until the economy starts to experience employment gains.” The post Investor Update: Single-Family Rent Price Growth Stabilizes appeared first on DSNews.

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Millions of Homeowners Unable to Repay Loans

In May, 7.3% of mortgages—including those in foreclosure—were at least 30 days late, according to CoreLogic. The cause? Reverberations of the recession on loan performance. Better late than never? Occasionally, perhaps, but when it comes to delinquent mortgages, not so much. Compared to the same point last year, that 7.3% represents a bounce of 3.7% … The post Millions of …

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Where Delinquency Rates Are Headed

A new report examines the metros where homeowners are struggling most, and lays out predictions of where delinquency levels are headed in 2021. The post Where Delinquency Rates Are Headed appeared first on DSNews.

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