Tag Archives: CoreLogic

Despite recent turmoil for the financial services and mortgage banking industries, CoreLogic declared 2012 a pleasant economic surprise.

Home prices were up 6.3 percent year-over-year in October, according to CoreLogic's most recent Home Price Index (HPI) report. The rise represents the biggest yearly increase since June 2006 and marks the eighth consecutive month in which prices rose on an annual basis. October's strength is expected to carry into November, as well. The CoreLogic Pending HPI shows that November prices (including distressed sales) are anticipated to rise about 7.1 percent year-over-year.

After remaining relatively flat for about a year, mortgage fraud is on the rise again, according to CoreLogic.

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.

CoreLogic seeks to improve the analytics that help drive underwriting standards in order to help lenders make better lending decisions.

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.

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.

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.

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.

CoreLogic announced an enhanced version of its OnSite report. OnSite Plus provides an overall condition rating based on two things: a patent-pending algorithm and an inspection by a licensed real estate professional.