Wednesday, January 25, 2012
The Orange County Register
California house prices had the seventh-biggest price drop among U.S. states in November, falling 5.9 percent from year-ago levels, according to data firm CoreLogic
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http://lansner.ocregister.com/2012/01/10/156906/156906/
Tuesday, October 4, 2011
The current residential shadow inventory as of July 2011 declined slightly to 1.6 million units, representing a supply of 5 months, CoreLogic reported today. This is down from 1.9 million units, a supply of 6 months, from a year ago, and follows a decline from April 2011 when shadow inventory stood at 1.7 million units. The moderate decline in shadow inventory is being driven by a pace of new delinquencies that is slower than the disposition pace of distressed assets.
Highlights from the report:
Of the 1.6 million properties currently in the shadow inventory, 770,000 units are seriously delinquent, 430,000 are in some stage of foreclosure, and 390,000 are already in REO.
As of July 2011 the shadow inventory is 22 percent lower than the peak in January 2010 at 2 million units, 8.4-months’ supply.
More info
Tuesday, September 20, 2011
A total of 10.9 million homes with a mortgage were in a negative equity position at the end of the second quarter, constituting 22.5 percent of all residential properties with a mortgage, according to CoreLogic.
Read the full story
http://www.latimes.com/business/realestate/la-fi-underwater-homes-20110914,0,95578.story
Thursday, August 18, 2011
The Federal Bureau of Investigation (FBI) has released its 2010 mortgage fraud report. The report found that mortgage fraud continued at elevated levels in 2010, consistent with levels seen in 2009. Meanwhile, mortgage fraud schemes remained particularly resilient, and able to readily adapt to economic changes and modifications in lending practices.
