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Tag Archives: CoreLogic

CoreLogic: September Posts Largest Annual Price Pickup Since 2006

Home prices in September posted their biggest yearly gain in more than 6 years, but prices also displayed a typical seasonal slowdown and fell month-over-month, according to the Home Price Index (HPI) report from CoreLogic. Including distressed sales, the report showed home prices moved higher by 5 percent from September 2011, the seventh straight month of yearly increases and the biggest annual gain since July 2006. From August to September, prices decreased by 0.3 percent.

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CoreLogic Rolls Out Third-Party Originator Portal

CoreLogic announced the release of Third-Party Originator (TPO) Portal, a new system developed by the San Mateo, California-based CoreLogic Dorado. Using the portal, correspondent clients and wholesale brokers can upload and lock multiple loans in a bulk transmission to an enterprise lending system (ELS) and monitor them for conditions and approvals.

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Hurricane Sandy Storm-Surge Risk Estimated at $88B

Underwater

Data from CoreLogic shows nearly 284,000 properties (representing almost $88 billion) located in the coastal Mid-Atlantic states may be at risk of storm-surge damage from Hurricane Sandy. Based on early projections of Sandy's path, eight major metro areas in the Mid-Atlantic region, including New York, Philadelphia, and Boston, are at risk.

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Analysts: Record-Low Rates Give Weak Boost to Refinances

Even with the record-low mortgage rates seen today, refinancing numbers are still not as high as expected. In CoreLogic's most recent MarketPulse report, Sam Khater and Molly Boesel noted, "the overall level of refinancing is still low given current mortgage rates, and there are still many homeowners nationwide with above market rates." Despite the new expansions from HARP 2.0, including the removal of its 125 percent LTV ceiling, other restrictions are still preventing homeowners from refinancing.

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Home Prices Rise to Six-Year High in July: CoreLogic

Home prices in July saw the biggest nationwide year-over-year increase since August 2006, CoreLogic reported Tuesday. According to the company's July Home Price Index (HPI), home prices-including distressed sales-increased year-over-year by 3.8 percent in July. On a month-over-month basis, prices increased 1.3 percent from June. July marked the fifth consecutive increase in home prices on both a monthly and yearly basis. Only 23 metro areas fell year-over-year.

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Credit Agency Files Antitrust Suit Against CoreLogic, Experian

Florida-based CreditBureau Services filed a suit Tuesday against Experian, the national consumer credit data repository, and CoreLogic, Inc., the nation's largest credit report reseller, in the U.S. District Court for the Southern District of Florida for alleged violations of the antitrust laws. The suit claims that Experian and CoreLogic sought to deny smaller credit agencies access to Experian's mortgage credit information for "tri-merged" mortgage credit reports. Banks and investors require tri-merged reports to extend credit for home mortgages.

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Home Prices Rose in April, May Continue: CoreLogic

Home prices across the nation rose in April, and a further increase is expected for May's index, according to CoreLogic's April Home Price Index report. The report, released Tuesday, showed that home prices in the United States increased in on a year-over-year basis by 1.1 percent in April. This was the second consecutive year-over-year increase in 2012 and the first time two consecutive increases have occurred since June 2010. On a month-over-month basis, home prices increased by 2.2 percent in April, marking the consecutive month-over-month increase this year.

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