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DS News Webcast: Thursday 3/6/2014

Transunion released its Credit Risk Index Wednesday, which showed credit risk dropped at the end of 2013 to its lowest level since 2005. The index was 110.10 in the fourth quarter of 2013, down nearly 9% from the 120.64 reading from 2012. A value of more than 100 represents a higher level of risk, and the CRI generally ranged from 110 to 120 between 2001 and 2007, but saw elevated ranges of 120 to 130 during the recent recession.

The report noted factors contributing to the lowered risk index were all-time low levels of auto loan and credit card delinquencies in addition to mortgage delinquencies, which had their biggest drop since the housing bubble. States experiencing the greatest CRI improvements include California, Nevada, Florida, and Hawaii. The three riskiest states include Mississippi, with an index of 152.67, South Carolina at 139.27, and Louisiana at 139.07.

DataQuick revealed its monthly Property Intelligence Report Wednesday, which revealed foreclosures have decreased in 31 of 42 reporting markets over the last month, quarter, and year. 12 counties have experienced more than a 50 percent drop in foreclosures, including Los Angeles, Denver, and Washington, D.C. Along with a general decrease in foreclosures, January home price growth has leveled off in nearly all markets. The average yearly home price growth dropped from 9.9% in December, to 8.9% last month.

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