Property Valuation: Borrower Equity Update Second Quarter 2017

Three-quarters of a Million Borrowers Achieved Positive Equity Over the Past 12 Months National share of homes with negative equity fell to 5.4 percent in Q2 2017. Homeowner equity more than doubled in the past five years. Nevada saw the largest improvement in the negative equity share over the past year, falling 4.8 percentage points. […]

Mortgage Performance: The How, What and When of Mortgage Fraud Discovery 6 Touchpoints Over the Life of a Loan

Part II of III in a series Based on my discussions with industry participants over the years, it’s safe to say most people believe that discovering fraud is mainly an origination workflow event. However, the truth is fraud can be discovered at a number of events in the life of a loan. Here’s a quick […]

Mortgage Performance: A Closer Look at Freddies Single-Family Loan-Level Dataset

Freddie Mac Data Shows Underwriting Policy Has Not Eased Too Much Recently Freddie Mac released its fixed-rate, loan-level data to increase transparency into the agency’s mortgage practice1. A new analysis from CoreLogic shows that underwriting policy has eased only a little bit since the depths of the financial crisis. Fair Isaac Corporation (FICO) credit scores, […]

Mortgage Performance: Five Reasons Why Mortgage Fraud is Hard to Detect

Part I of III in a series “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Mark Twain.   Unlike most common forms of financial fraud, mortgage fraud takes a long time to present itself, and as a result can lull lenders into a false sense of security. […]

Videos: U.S. Housing Policy Outlook September 2017

115th Congress Returns from August Recess with a Full Agenda Alyson Austin, principal communications for CoreLogic, puts Head of Public Policy and Industry Relations, Stuart Pratt through a lightning round of questions about next possible actions from Congress in the coming months. After the August recess, what issues will they tackle next? There are hot […]

Mortgage Performance: Loan Performance Insights Report Highlights June 2017

Foreclosure Rate Lowest in Ten Years Strong job growth and house price appreciation have contributed to declines in delinquencies The current-to 30-day transition rate edged down in June 2017 from a year earlier San Francisco had the lowest delinquency rate of the largest metro areas In June 2017, 4.5 percent of home mortgages were in […]

U.S. Economic Outlook September 2017

Canadians are largest foreign buyers in U.S.: Most homes were bought in Florida Nonresident foreign buyers purchased about 119,000 homes in the United States from April 2016 to March 2017, according to the National Association of Realtors, or about 2 percent of all homes sold.[1]  The largest number of nonresident buyers were from Canada, the […]

Natural Hazard Risk: Hurricane Harvey Identifying the Insurance Gap

CoreLogic estimates that 70 percent of the flood damage from Hurricane Harvey is uninsured As hurricane Harvey made landfall north of Corpus Christi last week, this Category 4 hurricane left devastation in its wake. CoreLogic® estimates that the total residential insured and uninsured flood loss for Hurricane Harvey is between $25 Billion and $37 billion. […]

Insurance: Making the Adjustment

The Modern Age of Desk Adjusting for the Insurance Industry Deploying adjusters to the field is a large overhead cost for insurance companies. Incoming claims vary in terms of size and severity, and with that, not every claim requires an on-site adjustment. Thus, in addition to field adjusters, insurance companies rely heavily on a robust […]

Videos: Know Your Risk. Accelerate Your Recovery Dr. Frank Nothaft Discusses the Potential Impact of Hurricane Harvey

Houston will be in recovery for many months or years. In the wake of Hurricane Harvey two senior leaders from CoreLogic, Frank Nothaft and Stuart Pratt, discuss potential damage from the storm and the time it will take Houston and the greater metropolitan area to recover lost or damaged residential properties. Watch this video blog […]