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Dennis Norman After a couple of days of writing about bad reports on the housing market (existing home sales and new home sales to name two) I’m excited that I actually get to write something today that is positive! According to newly released data from CoreLogic, the percentage of homeowners in the U.S. with Continue reading… Homeowners with negative equity declines for second consecutive quarter Dennis Norman A report just released by CoreLogic estimate the financial impact of short-sale fraud to be $310 million annually. It is estimated there is fraud in one in every 53 short sale transactions resulting in an unnecessary loss to the lender of $41,000 per transaction on average. Tweet This Post Dennis Norman Report looks at impact of the BP Deepwater Horizon Oil spill on Florida Coastal home values According to a report released this morning by CoreLogic the impact of the BP DeepWater Horizon oil spill on home values in the coastal area’s along the Gulf coast is expected to range from $648 million over one Continue reading… Gulf Oil spill could cost coastal homeowners up to $3 Billion in home values Dennis Norman Worst Street In America for Mortgage Fraud is In Orlando (actually they have 5 of the top 10 streets) According to the 2010 Mortgage Fraud Trends Report released by CoreLogic this week, fraud risk in the mortgage industry has declined by 25 percent since it peaked in the third quarter of 2007. Even though Continue reading… Mortgage Fraud Trend Down; Still $14 Billion in 2009 Losses Dennis Norman For way too long I’ve been writing about record, or near- record, levels of foreclosures and mortgage delinquencies. My ongoing concern about this, in terms of the housing market, is that I just don’t see how we are going to have a sustainable recovery of the housing market while we have 1 in Continue reading… ‘Shadow’ Foreclosure Inventory is the 800 lb Gorilla Dennis Norman According to a report released by CoreLogic, there were 11.2 million homeowners that were in a negative equity, or “underwater“, position on their mortgages as of the end of the first quarter of this year. This number is equal to 24 percent of all homeowners with a mortgage in the U.S., which Continue reading… Slight Decline In Number of Underwater Homeowners Dennis Norman Report Cautions That Shadow Inventory and End of Tax Credit Program May Result in Further Declines On a month-over-month Continue reading… Home Price Index Shows First Annual Increase in Over Three Years
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 Continue reading… US Foreclosure Rate and Mortgage Delinquency Rate Continues to Rise 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 Continue reading… Almost one-in-four borrowers underwater on home mortgage 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) Continue reading… Housing Market Shows Narrowing Decline, Slowed Recovery
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 Continue reading… U.S. Home prices continue to decline 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 Continue reading… Home prices in US declined 7.8 percent in past year…expected to fall another 4.2 percent 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 Continue reading… Almost 11 million homeowners are underwater on their mortgage 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 Continue reading… Home prices in U.S. drop in September; Forecast is for 1.1 percent appreciation in next 12 months Dennis Norman By: 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. Continue reading… Nearly one-third of all mortgages underwater |
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