Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Monday Morning Cup of Coffee: Is housing strong enough to weather rate hikes?

Plus the mortgage bond outlook, the NYT joins the GSE investor struggle, and more

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

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Items Tagged with 'CoreLogic'

ARTICLES

CoreLogic chief economist: Here's how new policies can help homeownership

Reversing the steady decline in the national homeownership rate
Brena Swanson
The homeownership rate has been steadily declining, Frank Nothaft, chief economist for CoreLogic, said in an interview with HousingWire. So what can the industry do about this?
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CoreLogic, ComplianceEase release LoanSafe Compliance Manager

Cooperates with new TRID requirements
Brena Swanson
CoreLogic released its latest lending solution, LoanSafe Compliance Manager, to help lenders comply with residential mortgage lending regulations, including the TILA-RESPA Integrated Disclosure rule.
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Death threats drive CoreLogic employee involved in McKinney pool incident into hiding

Hires Gloria Allred to represent her
Ben Lane
Tracey Carver-Allbritton, the CoreLogic employee involved in the McKinney pool incident, is now “in hiding” in California because she received death threats after a video surfaced of her allegedly striking one of the party’s attendees during what appeared to be a fight. According to a statement from Carver-Allbritton, the video does not show the whole story.
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CoreLogic: Underwater mortgage share down to 10.2% in 1Q15

More than 254K properties regained equity
Trey Garrison
New analysis shows 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties.
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CoreLogic responsibly suspends employee involved in McKinney teen pool fracas

What choice did the company have?
Jacob Gaffney
What else can CoreLogic do when an employee gets involved in something this big and bad? In this case, they've done the right thing.
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CoreLogic: Cash sales decline again, drop to 34.6%

Share of cash sales to return to normal by mid-2016?
Brena Swanson
Cash sales continued their two-year trend and declined once again. This time, cash sales made up 34.6% of total home sales nationally, down 39% from March 2014.
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The top 5 foreclosure hot spots from the latest CoreLogic report

Also the 5 bottom, not-so-hot spots
Brena Swanson
While the nation as a whole is improving from the financial crisis, the recovery still widely varies as you compare state levels. Using CoreLogic’s data, here are the top 5 and bottom 5 states with the highest foreclosure inventory as a percentage of all mortgaged homes.
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CoreLogic: Foreclosure inventory sinks 25% in April

Despite improvement, many families still struggle
Brena Swanson
Foreclosure inventory continued to drop, plummeting by 24.9% in this month's report. However, as the CoreLogic CEO points out, “Despite a slow and steady improvement in most housing market fundamentals, too many families remain in default of their mortgage obligation.”
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CoreLogic: Distressed sales accounted for 12% of home sales in March 2015

Michigan boasts the highest distressed sale share of any state
Trey Garrison
Distressed sales—real estate-owned and short sales—accounted for 12.1% of total home sales nationally in March 2015, a 3.2 percentage point drop from March 2014 and a 1.9 percentage point decrease from February 2015.
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CoreLogic: 6.6M homes at risk of hurricane storm surge damage

Total reconstruction costs almost $1.5 trillion
Trey Garrison
It’s the start of hurricane season, and more than 6.6 million homes on the Atlantic and Gulf coasts are at risk of hurricane storm surge inundation with a total reconstruction costs of nearly $1.5 trillion.
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