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While foreclosure inventory showed a year-over-year decline for January 2012, REO inventory held by servicers grew faster in January than the pace at whichREO properties sold, according to CoreLogic’s National Foreclosure Report for january 2012 released thursday. The distressed clearing ratio, which calculates the rate at which REO properties are sold, was 0.69 for January 2012, down from 0.
CoreLogic said on Tuesday that that the inventory has been unchanged at that level, the lowest since June 2007, since last August. The number is down 1 basis point compared to April 2017.
This drop is about 2.9% less than January 2015 and is the lowest level of REO sales for January since 2007. Of the nation’s largest core based statistical areas, only two increased in distressed.
The serious delinquency rate (90 days or more past due) declined by 0.5 percentage points year over year to 1.9 percent, the lowest level for any month since October 2007. The report Alaska was the only state to experience a year-over-year increase in its serious delinquency rate in August.
Seriously Delinquent Rate Is at 2.5 Percent Lowest Level Since August 2007 Approximately 333,000 homes in the United States were in some stage of foreclosure Compared to 465,000 in November 2015
As anniversaries go, it’s not much of one to celebrate, but this year the foreclosure crisis marks its tenth year. Since Mid-2007. peak-to-current drop in the foreclosure rate also ranked number.
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CoreLogic Reports U.S. Overall Delinquency and foreclosure rates lowest for January in at Least 20 Years: CoreLogic (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its monthly Loan Performance Insights Report. The report shows, nationally, 4 percent of mortgages were in some stage of delinquency (30 days or more past due.
Mark Goldman, an analyst with C2 Financial Corp., said it was important to note it appeared sales were increasing in January because of the end of the holiday season and as interest rates have started.
Parents with school-aged kids gravitate to the suburbs · Why some moms decide to stay home when kids are older. But for moms who choose to switch gears and stay home with older children, being an at-home parent while a child navigates the tricky years of adolescence makes even more sense. One of those moms is Liz Mendizabal. Her son, an only child, graduates this spring from college.
CoreLogic reported the national foreclosure inventory at 325,000, or 0.8 percent, of all homes with a mortgage in November, compared to 465,000 homes, or 1.2 percent, a year ago. Since the financial crisis began in September 2008, 6.5 million completed foreclosures have taken place nationally; since homeownership rates peaked in second quarter.