Items Tagged with 'Natural Disasters'

ARTICLES

  • CoreLogic: Declining foreclosure rates highlight the nation's strong job market

    In May, delinquency rate falls 0.6% on an annual basis
    The national mortgage delinquency rate declined in May, according to the latest Home Price Index report from CoreLogic. According to the report, nationally, 3.6% of mortgages remained in some stage of delinquency in May.CoreLogic Chief Economist Frank Nothaft said growth in family income and home prices continues to support low delinquency rates.
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  • Congress approves a 4-month rescue of flood insurance program

    A lapse in NFIP would have nixed about 40,000 home sales a month, NAR says
    Congress passed a bill late Monday, two days after the start of the U.S. hurricane season, that extends the National Flood Insurance Program by four months. The move came on top of a stopgap vote on Thursday that kept the program from expiring over the weekend. FEMA estimates the need for flood insurance will expand by up to 45% by 2100 because of climate change.
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  • First American: Mortgage fraud risk climbs 4.6% in January

    Rise attributed to a plunge in mortgage rates and spike in applications
    In January, declining rates championed an acceleration in defect risk, according to the latest First American Loan Application Defect Index. First American Chief Economist Mark Fleming said January marks the fifth consecutive month that defect risk in purchase transactions has risen.
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  • Are zero-energy homes the new wave in housing?

    California could welcome 100,000 zero-energy homes a year to the market
    Americans are making an effort to be more environmentally cautious, especially in the wake of natural disasters that have ravished local communities across the country. This is especially so for De Young Properties, which has set a precedent that could be responsible for bringing 100,000 zero-energy homes a year to California.
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  • First American: Mortgage defect risk climbs 7.4% in December

    Rising purchase applications and natural disasters contribute to rising defect risk
    In December, defect risk continued to rise across the country, according to the latest First American Loan Application Defect Index. First American Chief Economist Mark Fleming attributes this to two factors: the rising share of purchase transactions and natural disasters.
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