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Tag Archives: CoreLogic

Double Dip: Altos Says Prices Have Been Steadily Rising Since Then

While a number of closely-watched home price indices show national readings have slipped into a double-dip, Altos Research says it's come and gone. The firm notes that the latest Case-Shiller findings declaring a new post-recession low are based on data through the end of March. Since that time, Altos has recorded a steady uptick in prices for both major metros and mid-city markets across the country. The firm expects to see a rising and falling pattern for several years and believes the double-dip is really just the start of the next housing cycle.

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CoreLogic Price Index Shows First Monthly Increase Since Mid-2010

The market has been battered by reports of continuing home price depreciation with both the Clear Capital and S&P/Case-Shiller indices confirming that national readings have fallen below the double-dip mark. But data released Wednesday by CoreLogic provided a flicker of improvement - at least from the short-term view. The company says its index shows home prices in the U.S. rose 0.7 percent between March and April. It's the first such increase since the homebuyer tax credit expired in mid-2010, and that reading includes distressed sales.

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Suspect Short Sales Could Cost Lenders $375M This Year: Report

With millions falling behind on their mortgage payments and declining property values eating away at home equity, short sales are increasingly being looked to as an alternative to foreclosure. CoreLogic says the number of short sales has tripled in the last two years, and they're expected to increase another 25 percent in 2011. Such growth, though, can open the gate for fraudulent activity. CoreLogic estimates lenders, servicers, and investors may incur potential losses in excess of $375 million this year from ""suspicious"" short sales.

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CoreLogic Data Illustrates Impact of Distressed Sales on Home Prices

CoreLogic says its home price index has posted year-over-year declines for eight months in a row now. The company's latest reading shows home prices nationally fell 7.5 percent in March 2011 compared to March 2010 when distressed sales - including REO and short sale transactions - are factored into the equation. The data clearly demonstrates the extent to which pre- and post-foreclosure sales are weighing down overall market assessments. CoreLogic says if you take out the distressed factor, home prices are down just 0.96 percent from a year ago.

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CoreLogic Releases RMBS Analysis Technology

CoreLogic recently released Vector Securities, a platform to enable transparent and dynamic loan-level analysis of non-agency residential mortgage backed securities (RMBS). The company says the transparency at both the deal- and loan-level provided by the new technology is key to enabling a new era of confident securitizations and reestablishing the RMBS market as private liquidity returns.

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Analysts Weigh in on NAR’s Existing-Home Sales Report

The National Association of Realtors reported Wednesday that sales of previously owned homes rose 3.7 percent last month, following the 9.6 drop recorded in February. The results were slightly better than forecast, but reaction was mixed after the release of the report. One economist says sales have now stabilized at a level no higher than that seen during the recession, and with so many forced foreclosed sales, a recovery is not even on the horizon. But another points out that it's distressed properties that are helping to elevate sales activity as investors line up for a bargain.

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CoreLogic Integrates Fannie Mae LQI Suite with Ellie Mae System

CoreLogic Credco, a provider of merged credit reports, recently integrated its FinalCheck suite into the Ellie Mae Encompass360 mortgage management solution. FinalCheck is an automated Fannie Mae loan quality initiative (LQI) compliance suite that assists lenders in verifying credit, application, and fraud data. The company says the technology can help lenders uncover undisclosed debt prior to loan submission and mitigate repurchase risk to avoid loan buy-backs from the GSE.

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CoreLogic Taps Mortgage Operations Veteran for New SVP Post

CoreLogic announced Monday that Arlene Hyde has joined the company in a newly created position -- SVP of strategic relationships for its business and information services division. In this role, Hyde will serve as a strategic resource for CoreLogic sales and business operations leaders, helping them to identify, conceptualize, and build-out new strategies, ventures, and business opportunities with some of the largest CoreLogic mortgage clients.

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Distressed Sales Drag Down Home Prices: CoreLogic

Analysis of home prices through the end of February by CoreLogic shows a year-over-year decline of 6.7 percent when distressed properties - REO and pre-foreclosure short sales - are included in the numbers. February's drop marked the seventh straight month that CoreLogic has recorded a decline in its national home price index. But take out the distressed factor, and the company says home prices are showing signs of stability, down just 0.1 percent from a year ago.

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CoreLogic Promotes Wes McDaniel to Chief Appraiser

CoreLogic announced Tuesday that the company has promoted Wes McDaniel to the newly created role of chief appraiser for CoreLogic Valuation Services. In this position, McDaniel will be responsible for ensuring the quality of appraisal content developed by CoreLogic's in-house appraisers and its national panel of more than 14,000 independent appraisers.

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