Housing Trends: Challenges of Loan Origination Estimating Accurate Property Tax Amounts
Current Industry Practice, Potential Improvements and Benefits In the days prior to the democratization and standardization of credit scores and credit reports, the process of estimating a borrower’s credit worthiness was a non-standardized, cumbersome and time consuming process. The process relied on specialized knowledge and personal interpretation of financial information. As the mortgage process evolved, […]
Insurance: I must be covered; I have Homeowners Insurance!
What you don’t know about your policy can hurt you… financially It’s often been said, “it’s better to have insurance and not need it than to need it and not have it” as a homeowner I do have insurance so I must be covered … right? … well there is more to the story. Understanding […]
Natural Hazard Risk: Flooding and Damaging Wind Were Most Destructive Natural Hazards in 2016
Annual summary from CoreLogic details 2016 natural hazard events CoreLogic® analyzes and evaluates the number and severity of natural hazard events that occurred across the U.S. annually in its Natural Hazard Risk Summary and Analysis in order to help inform and protect homeowners and businesses from financial catastrophe. The report reviews specific annual hazard events […]
New-Home Sales Up for Fifth Straight Year
New Construction Sales Up More Than 50% Since 2011 Low mortgage rates, job growth, and an improving consumer optimism have all supported the recovery in home sales during the last few years. Both sales of newly built as well as previously owned homes are up, with the growth stronger for new homes. Since the […]
Housing Trends: Cash and Distressed Sales Update October 2016
Distressed Sales Made Up 7.7 Percent of All Home Sales in October and Is Back to 2007 Levels The cash sales share was 31.8 percent in October The distressed sales share fell 2.9 percentage points year over year from October 2015 The distressed sales share fell in all but eight states Cash sales accounted for […]
Natural Hazard Risk: Earthquake Risk Spotlight on Canada
What Is ‘The Big One’? When assessing earthquake risk in Canada, many commonly refer to ‘The Big One’ that will eventually strike British Columbia (B.C.). But what exactly is ‘The Big One’? Understanding the various earthquakes that can occur, the unique hazards they pose, and the probability, all help to define ‘The Big One’. But […]
Natural Hazard Risk: Hurricane Matthew Clocks Top Wind Speed for 2016 at 101 MPH
Annual CoreLogic Windy City Index Names Nashville, TN Windiest City Wind events, whether part of a major hurricane or a smaller storm, can cause significant damage for both businesses and homeowners, and as such, CoreLogic publishes its Windy City Index, an annual analysis of top wind speeds and wind-related events to review this natural hazard. […]
Housing Trends: Collateral-Related Loan Denials Exhibit Wide Geographical Variations
Volume of Sales, Market Distress, Home-Price Growth May Be Causes of Variation In a November CoreLogic Insights Blog, collateral was noted as the third most-frequently-cited reason for denials (13.7 percent) for nearly 450,000 first-lien purchase mortgage applications on one- to four-family, owner-occupied homes, as reported in the 2015 Home Mortgage Disclosure Act (HMDA) data. Since […]
Housing Trends: Rent Growth for Higher-Priced Rental Homes Slowed in 2016
Rent Growth for Lower-Priced Rental Homes Stayed Strong Last July CoreLogic reported that, nationally, rent growth on single-family homes had begun to moderate in 2016 based on the CoreLogic Single-Family Rental Index (SFRI). Now that it is six months later, has that trend continued? Analysis of the CoreLogic SFRI shows that the slowing in the […]
Insurance: Dwelling Data Pun Intended!
Using Quality Data to Enhance User Experience Insurers who sell homeowners insurance direct-to-consumer through a website must find that delicate balance between collecting enough information to quote and bind a policy with the possibility of consumer drop-off. Prepopulating data fields using known information about the homeowner and their home is one of the methods that […]
