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US Foreclosure Rate and Mortgage Delinquency Rate Continues to Rise

Dennis Norman

A report released by First American CoreLogic shows the foreclosure rate in the US increased in January to 3.19 percent, an increase of 60.3 percent from a year ago when the national foreclosure rate was 1.99 percent.

The national rate for seriously delinquent mortgage’s (mortgages that are 90+ days delinquent) increased in January as well to a rate [...]

Almost one-in-four borrowers underwater on home mortgage

Seventy Percent of all mortgaged properties in Nevada are underwater

Dennis Norman

According to a report released today by First American CoreLogic more than 11.3 million U.S. mortgages, or 24 percent of all mortgaged properties, are in a negative equity position meaning the borrowers owe more on their mortgage than their home is worth as of December 31, [...]

Housing Market Shows Narrowing Decline, Slowed Recovery

Dennis Norman

Home Prices Exhibit “Improving Declines” (sounds rather oxymoronic, huh?)

In a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 3.7 percent in December 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) [...]

U.S. Home prices continue to decline

Dennis Norman

Forecast is for further declines

In a report issued today by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 5.7 percent in November 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) the nation decline in HIP [...]

Home prices in US declined 7.8 percent in past year…expected to fall another 4.2 percent

Dennis Norman

In spite of recent “upbeat” reports on the housing market and some people even saying the worst is over, when it comes to declining home values it appears the fat lady hasn’t sung yet

According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance [...]

Almost 11 million homeowners are underwater on their mortgage

Average value of home with “underwater” mortgage $210,300 – Average loan balance $280,000 – Average amount “upside down” $70,000

Dennis Norman

According to a report released today by First American CoreLogic nearly 10.7 million U.S. mortgages, or 23 percent of all mortgaged properties, are in a negative equity position meaning the borrowers owe more on [...]

Home prices in U.S. drop in September; Forecast is for 1.1 percent appreciation in next 12 months

Dennis Norman

According to a report issued by First American CoreLogic national home prices continue to decline with their HPI (Loan Performance Home Price Index) declining by 9.8 percent in September 2009 compared with the year before. If you take the distressed sales out (foreclosures, short sales, etc) the nation decline in HIP for the same [...]

Home Price Forecast Predicts Further Decline Before Upswing; Bottom in March, 2010

Dennis Norman

According to a report issued by First American CoreLogic  the rate of decline in U.S. home prices improved in August with prices 10.1 percent below August 2008, compared with July’s year-over-year price decline of 11.6 percent and June’s decline of 14.1 percent. 
 
Obviously these numbers are being impacted by the number of distressed sales, which in some parts [...]

Fed’s Loan Modification Program resulting in savings of $120 per month for borrowers

Dennis Norman

According to a study conducted by First American CoreLogicentitled “How the U.S. Consumer Has Benefited from Mortgage Finance Programs in 2009″, projections are there will be $2.3 billion in mortgages refinanced as a result of the Fed’s “Making Home Affordable” plan. According to the study, the median individual monthly savings was $120.

“ The quantitative easing policies of [...]

New data shows nearly one-third of all mortgages underwater

Dennis Norman

According to a report issued by First American CoreLogic more than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, are in a negative equity position meaning the borrowers owe more on their mortgage than their home is worth.
In addition, according to the CoreLogic report, there are an additional 2.5 million mortgaged [...]

Home Price Declines in U.S. continue to improve

Dennis Norman

Home prices in the U.S. fell 9.2% in May compared to a year ago according to newly released data from First American CoreLogic and its Loan Performance Home Price Index (HPI).  This drop represents the smallest year-over-year decline since December 2007. 

 
Below are other highlights from the data released:

The rate of national price [...]

National Home Prices Back to 2004 Levels

Dennis Norman

By: Dennis Norman

According to a report issued late last week by First American CoreLogic, Inc. based upon their LoanPerformance HPI1 home price data for February 2009, national housing prices have declined for 24 consecutive months to a level equal to 2004 prices.

CoreLogic reported:

National housing prices fell 12.2 percent in February from a year ago.
The [...]