Report: Refinance is helping to prevent foreclosures

CoreLogic says its research shows that low mortgage rates are helping to keep elevated delinquencies in check. “Our analysis of CoreLogic public records shows that more than one-half of all home mortgage loans created since the onset of the pandemic have been no-cash-out refinance,” Frank Nothaft, chief economist at CoreLogic, told Mortgage News Daily. “By

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CoreLogic: Condo inventory and sales growing fast

Condominium sales rebounded in June after taking a massive hit at the start of the coronavirus outbreak in the U.S., reaching a new year-over-year low point in May. That drop followed a late 2019 surge in condo sales, when the sector was growing at an even faster rate than that of single-family detached homes, CoreLogic

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CoreLogic launches AI-based home buying portal, OneHome

Real estate industry data analytics firm CoreLogic has just launched a new artificial intelligence-based platform called OneHome that it says can streamline the home buying process for both agents and consumers. The company said OneHome helps to facilitate communication between real estate agents and home buyers throughout the buying process. In addition, the platform also

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Renters more likely to be ‘cost burdened’ than homeowners

Renters are much more likely than homeowners to be struggling to make ends meet, according to new research from CoreLogic. The challenge faced by renters is that the monthly cost to rent a single-family home has risen enormously since 2005, while the monthly repayments and interest on a mortgage have actually dropped over the same

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Homeowners saw big equity gains in 2018

Homeowners saw yet another increase in home equity in the fourth quarter of 2018, with rising home prices helping to boost their profits. According to CoreLogic’s latest Home Equity Report published last week, U.S. homeowners with a mortgage saw equity gains of 8.1 percent year over year. The average homeowner saw gains of $9,000 in

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Natural disasters caused $11B worth of real estate damage in 2018

The United States was hit hard by natural disasters in 2018, suffering 11 major events including floods, hurricanes and wildfires.

Adjustable-rate mortgages grow more popular in expensive markets

More buyers are opting for adjustable-rate mortgages in order to cut costs amid rising interest rates, new data from CoreLogic shows. They’re doing so even as the potential savings between a fixed-rate mortgage and an ARM get narrower. According to Freddie Mac data, the average rate on both a 30-year fixed rate mortgage and a

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CoreLogic to acquire insurance claims workflow provider Symbility Solutions

Real estate analytics firm CoreLogic is acquiring a company called Symbility Solutions, which sells a cloud-based insurance claims and subscription workflow service. “Symbility expands our footprint in property and casualty insurance domestically and in key markets around the globe. Further scaling our insurance and international footprint offers the potential for significant non-cyclical growth in line

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Mortgage fraud is on the rise

A growing number of borrowers are becoming so desperate to qualify for a mortgage that they end up lying about how much they earn on their applications.

Low inventory and strong job growth continue to drive up rental prices

Single-family home rental prices are still driving upwards, thanks to a combination of low inventories of rental homes and strong job growth across the nation, says a new report from

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