monday morning cup of Coffee: Mortgage rates to set more record lows Monday Morning Cup of Coffee takes a look at news coming across the HousingWire weekend desk, with more coverage to come on the bigger issues. loanDepot got creamed last week with a pair of negative headlines. The top nonbank lender is notoriously mum when it comes to discussing the tough topics, so it’s no surprise they chose to keep quiet.California homes sales drop CoreLogic reported Southern California's median home price fell $500, or 0.1%, in March, the first year-over-year price drop since an 83-month streak of rising values. Prices for existing houses and condos, meanwhile, increased, with. Southern California home sales down in 12 of the past 13 months.
The number of completed. and CEO of CoreLogic. "Despite this progress, about four million homeowners remained underwater at the end of the first quarter, and these borrowers are more vulnerable to.
Completed foreclosures fell 9.9% year-over-year to 49,000, according to the latest corelogic report. They were up 2.7% on the month. Meanwhile, foreclosure inventory was down 35% YoY to 648,000.
Between 2000 and 2006, CoreLogic estimates there was an average of only 21,000 completed foreclosures each month. The current rate will need to fall by 57% to get back to that level. That being said,
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REUTERS/Jonathan Alcorn Completed foreclosures fell 9.9% year-over-year to 49,000, chief economist for CoreLogic said in a press release.. while 36 states had a greater than 30% fall.
CoreLogic, Irvine, Calif., said foreclosure action and the nation’s foreclosure inventory continued to decline in July. The company’s National Foreclosure Report said the foreclosure inventory declined by 27.9 percent and completed foreclosures declined by 24.4 percent from a year ago.
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The Inventory Of Foreclosed US Homes Falls For The 32nd Straight Month – Here are some details from the report: Arizona and Utah saw an over 50% YoY decline in foreclosure inventory, while 36 states had a greater than 30% fall. At 123,000 Florida had the highest number of.
There were about 33,000 completed foreclosures nationwide in November – a decrease of 10.9% compared with about 38,000 in October and a decrease of 18.8% compared with about 41,000 in November 2014, according to CoreLogic. What’s more, the number of completed foreclosures was down 71.6% from the peak of 117,657 in September 2010.
The number of foreclosures completed in December fell 40% from a year earlier, according to data released Tuesday by CoreLogic. There were a total of 21,000 completed foreclosures in December.
Jobless claims fall by 12,000 filings Initial claims for U.S. state unemployment benefits fell by 12,000 to 365,000 in the September 1 week, less than expected, after an upward revision to the previous week, the Labor Department.
Year-to-date, foreclosure inventory is down by 20 percent. Currently, about 2.4 percent of homes with a mortgage are in foreclosure inventory, the lowest level since March 2009. In addition to shrinking foreclosure inventory, CoreLogic also reported steep declines in completed foreclosures and serious delinquencies.
U.S. foreclosures fall in July from year ago According to data from CoreLogic there were 49,000 completed foreclosures last month, down from a 65,000 in July of last year, while properties in the.
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CoreLogic reported that for the month of October 2016, only 30,000 U.S. home foreclosures were completed, which is down 3.6% from September 2016 and down 24.9% from a total of 40,000 in October 2015. Home values posted an annual 5.8% rise through September in the corelogic home price index.