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Mark Fleming

Home Prices Jump 10.5 Percent Annually in March

House Atop Money/Credit: Creatas

CoreLogic  released its March CoreLogic HPI report. Home prices nationwide, including distressed sales, increased 10.5 percent on a year-over-year basis in March 2013 compared to March 2012. This change represents the biggest year-over-year increase since March 2006 and the 13th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 1.9 percent in March 2013 compared to February 2013.Click to continue

Completed Foreclosures Rise Six Percent in March

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CoreLogic has released its March National Foreclosure Report which found that there were 55,000 completed foreclosures in the U.S. in March 2013, down from 66,000 in March 2012, a year-over-year decrease of 16 percent. On a month-over-month basis, completed foreclosures rose from 52,000 in February 2013 to the March level of 55,000, an increase of six percent. As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.Click to continue

Home Prices Rise Slightly More Than 10 Percent in February

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CoreLogic released its February CoreLogic HPI report, home prices nationwide, including distressed sales, increased 10.2 percent on a year-over-year basis by in February 2013 compared to February. This change represents the biggest year-over-year increase since March 2006 and the 12th consecutive monthly increase in home prices nationally.Click to continue

Completed Monthly Foreclosures Hit 54,000 in February

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CoreLogic has released its National Foreclosure Report for February, that provides data on completed U.S. foreclosures and the overall foreclosure inventory. According to CoreLogic, there were 54,000 completed foreclosures in the U.S. in February 2013, down from 67,000 in February 2012, a year-over-year decrease of 19 percent. On a month-over-month basis, completed foreclosures fell from 58,000 in January 2013 to the February level of 54,000, a decrease of seven percent.Click to continue

Nearly One-Fifth of American Households Remain Underwater in Q4

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CoreLogic has released its analysis showing approximately 200,000 more residential properties returned to a state of positive equity during the fourth quarter of 2012. This brings the total number of properties that moved from negative to positive equity in 2012 to 1.7 million and the number of mortgaged residential properties with equity to 38.1 million. The analysis also shows that 10.4 million, or 21.5 percent of all residential properties with a mortgage, were still in negative equity at the end of the fourth quarter of 2012.Click to continue

Radian Discusses Obstacles Faced by First-Time Homebuyers

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According to a recent panel of housing and mortgage experts, first-time homebuyers in today’s market face a distinct set of challenges, but the opportunity for growth within the segment exists if new regulations are shaped carefully. This consensus was a focus of the fourth annual homeownership panel, hosted by Radian Guaranty on Feb. 15, 2013, in Washington, D.C.Click to continue

Home Prices Rise Nearly 10 Percent Year-Over-Year in January

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CoreLogic has released its January CoreLogic HPI report. Home prices nationwide, including distressed sales, increased on a year-over-year basis by 9.7 percent in January 2013 compared to January. This change represents the biggest increase since April 2006 and the 11th consecutive monthly increase in home prices nationally. On a month-over-month basis, including distressed sales, home prices increased by 0.7 percent in January 2013 compared to December 2012. The HPI analysis shows that all but two states, Delaware and Illinois, are experiencing year-over-year price gains.Click to continue

Foreclosures Drop 17.8 Percent Year-Over-Year in January

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CoreLogic has released its National Foreclosure Report, which provides data on completed U.S. foreclosures and the overall foreclosure inventory, and in January 2013, there were 61,000 completed foreclosures in the U.S., down from 75,000 in, a year-over-year decrease of 17.8 percent. On a month-over-month basis, completed foreclosures rose from 56,000 in December 2012 to the January level of 61,000, an increase of 10.5 percent. As a basis of comparison, prior to the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month between 2000 and 2006.Click to continue

CoreLogic: QRM Rule Will Great Impact on the Purchase Market

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CoreLogic has released its February MarketPulse report, where Chief Economist Mark Fleming discusses the current state of the economy and housing markets, as well as challenges facing the mortgage market in 2013. The potential influence of the Qualified Mortgage (QM) and Qualified Residential Mortgage (QRM) rules is analyzed.Click to continue