Archive for '(NYSE: CLGX)'

The latest statistics from Corelogic shows that completed foreclosures continue dropping and are at their lowest numbers since 2007.  The numbers for mortgages in default over 90 days have also declined from a year ago.

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its June 2015 National Foreclosure Report which shows that the foreclosure inventory declined by 28.9 percent and completed foreclosures declined by 14.8 percent since June 2014. The number of foreclosures nationwide decreased year over year from 50,000 in June 2014 to 43,000 in June 2015, representing a decrease of 63.3 percent from the peak of 117,119 completed foreclosures in September 2010, according to CoreLogic data.

Experience the interactive Multimedia News Release here:  http://www.multivu.com/players/English/71280543-corelogic-june-2015-foreclosures/

Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. Since the financial crisis began in September 2008, there have been approximately 5.8 million completed foreclosures across the country, and since home ownership rates peaked in the second quarter of 2004, there have been approximately 7.8 million homes lost to foreclosure.

As of June 2015, the national foreclosure inventory included approximately 472,000, or 1.2 percent, of all homes with a mortgage compared with 664,000 homes, or 1.7 percent, in June 2014. The June 2015 foreclosure rate is the lowest since December 2007.

CoreLogic also reports that the number of mortgages in serious delinquency (defined as 90 days or more past due, including those loans in foreclosure or REO) declined by 23.3 percent from June 2014 to June 2015, with 1.3 million mortgages, or 3.5 percent, falling into this category. This is the lowest serious delinquency rate since January 2008. On a month-over-month basis, the number of seriously delinquent mortgages declined by 3.4 percent.

“The foreclosure rate for the U.S. has dropped to its lowest level since 2007, supported by a continuing decline in loans made before 2009, gains in employment, and higher housing prices,” said Frank Nothaft, chief economist for CoreLogic. “The decline has not been uniform geographically, as the foreclosure rate varies across metropolitan areas. In the Denver and San Francisco areas, the foreclosure rate has fallen to 0.3 percent, whereas in the Tampa market the rate is 3.5 percent and in Nassau and Suffolk counties it is an elevated 4.8 percent.”

“Serious delinquency is at the lowest level in seven and a half years reflecting the benefits of slow but steady improvements in the economy and rising home prices,” said Anand Nallathambi, president and CEO of CoreLogic. “We are also seeing the positive impact of more stringent underwriting criteria for loans originated since 2009 which has helped to lower the national seriously delinquent rate.”

Additional highlights as of June 2015:

  • On a month-over-month basis, completed foreclosures increased by 4.8 percent from the 41,000* reported in May 2015*. As a basis of comparison, before the decline in the housing market in 2007, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006.
  • The five states with the highest number of completed foreclosures for the 12 months ending in June 2015 were: Florida (102,000), Michigan (46,000), Texas (33,000), California (29,000) and Ohio (27,000). These five states accounted for almost half of all completed foreclosures nationally.
  • Four states and the District of Columbia had the lowest number of completed foreclosures for the 12 months ending in June 2015: South Dakota (32), the District of Columbia (107), North Dakota (313), Wyoming (499) and West Virginia (566).
  • Four states and the District of Columbia had the highest foreclosure inventory as a percentage of all mortgaged homes: New Jersey (4.7 percent), New York (3.7 percent), Florida (2.7 percent), Hawaii (2.5 percent) and the District of Columbia (2.4 percent).
  • The five states with the lowest foreclosure inventory as a percentage of all mortgaged homes were: Alaska (0.3 percent), Minnesota (0.4 percent), Montana (0.4 percent) Nebraska (0.4 percent) and North Dakota (0.4 percent).

*May 2015 data was revised. Revisions are standard, and to ensure accuracy CoreLogic incorporates newly released data to provide updated results.

Judicial Foreclosure States Ranking (Ranked by Completed Foreclosures)

Non-Judicial Foreclosure States Ranking (Ranked by Completed Foreclosures)

Foreclosure Data for the Largest Core Based Statistical Areas (CBSAs) (Ranked by Completed Foreclosures)

Figure 1 – Number of Mortgaged Homes per Completed Foreclosure

Figure 2 – Foreclosure Inventory as of June 2015

Figure 3 – Foreclosure Inventory by State

For ongoing housing trends and data, visit the CoreLogic Insights Blog: http://www.corelogic.com/blog.

Methodology
The data in this report represents foreclosure activity reported through June 2015.

This report separates state data into judicial versus non-judicial foreclosure state categories. In judicial foreclosure states, lenders must provide evidence to the courts of delinquency in order to move a borrower into foreclosure. In non-judicial foreclosure states, lenders can issue notices of default directly to the borrower without court intervention. This is an important distinction since judicial states, as a rule, have longer foreclosure timelines, thus affecting foreclosure statistics.

A completed foreclosure occurs when a property is auctioned and results in the purchase of the home at auction by either a third party, such as an investor, or by the lender. If the home is purchased by the lender, it is moved into the lender’s real estate-owned (REO) inventory. In “foreclosure by advertisement” states, a redemption period begins after the auction and runs for a statutory period, e.g., six months. During that period, the borrower may regain the foreclosed home by paying all amounts due as calculated under the statute. For purposes of this Foreclosure Report, because so few homes are actually redeemed following an auction, it is assumed that the foreclosure process ends in “foreclosure by advertisement” states at the completion of the auction.

The foreclosure inventory represents the number and share of mortgaged homes that have been placed into the process of foreclosure by the mortgage servicer. Mortgage servicers start the foreclosure process when the mortgage reaches a specific level of serious delinquency as dictated by the investor for the mortgage loan. Once a foreclosure is “started,” and absent the borrower paying all amounts necessary to halt the foreclosure, the home remains in foreclosure until the completed foreclosure results in the sale to a third party at auction or the home enters the lender’s REO inventory. The data in this report accounts for only first liens against a property and does not include secondary liens. The foreclosure inventory is measured only against homes that have an outstanding mortgage. Generally, homes with no mortgage liens are not subject to foreclosure and are, therefore, excluded from the analysis. Approximately one-third of homes nationally are owned outright and do not have a mortgage. CoreLogic has approximately 85 percent coverage of U.S. foreclosure data.

Source: CoreLogic
The data provided is for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic. Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data. If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or website. For questions, analysis or interpretation of the data, contact Lori Guyton at lguyton@cvic.com or Bill Campbell at bill@campbelllewis.com. Data provided may not be modified without the prior written permission of CoreLogic. Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

About CoreLogic
CoreLogic (NYSE: CLGX) is a leading global property information, analytics and data-enabled services provider. The company’s combined data from public, contributory and proprietary sources includes over 4.5 billion records spanning more than 50 years, providing detailed coverage of property, mortgages and other encumbrances, consumer credit, tenancy, location, hazard risk and related performance information. The markets CoreLogic serves include real estate and mortgage finance, insurance, capital markets, and the public sector. CoreLogic delivers value to clients through unique data, analytics, workflow technology, advisory and managed services. Clients rely on CoreLogic to help identify and manage growth opportunities, improve performance and mitigate risk. Headquartered in Irvine, Calif., CoreLogic operates in North America, Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc. and/or its subsidiaries.

CONTACT: For real estate industry and trade media: Bill Campbell, bill@campbelllewis.com, 212-995-8057; For general news media: Lori Guyton, lguyton@cvic.com, 901-277-6066

RELATED LINKS http://www.corelogic.com

CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its September Home Price Index (HPI®) which shows that home prices in the U.S. decreased 1.1 percent on a month-over-month basis, the second consecutive monthly decline. According to the CoreLogic HPI, national home prices, including distressed sales, also declined by 4.1 percent in September 2011 compared to September 2010.  This follows a decline of 4.4 percent* in August 2011 compared to August 2010.  Excluding distressed sales, year-over-year prices declined by 1.1 percent in September 2011 compared to September 2010 and by 2.2* percent in August 2011 compared to August 2010.  Distressed sales include short sales and real estate owned (REO) transactions.

“Even with low interest rates, demand for houses remains muted. Home sales are down in September and the inventory of homes for sale remains elevated. Home prices are adjusting to correct for the supply-demand imbalance and we expect declines to continue through the winter. Distressed sales remain a significant share of homes that do sell and are driving home prices overall,” said Mark Fleming, chief economist for CoreLogic.

Highlights as of September 2011

  • Including distressed sales, the five states with the highest appreciation were:  West Virginia (+7.0 percent), Wyoming (+3.8 percent), South Dakota (+3.6 percent), Maine (+3.5 percent), and North Dakota (+3.1 percent).
  • Including distressed sales, the five states with the greatest depreciation were: Nevada (-12.4 percent), Illinois (-9.2 percent), Arizona (-9.0 percent), Minnesota (-8.3 percent), and Georgia (-7.2 percent).
  • Excluding distressed sales, the five states with the highest appreciation were: West Virginia (+13.2 percent), Maine (+5.8 percent), Wyoming (+4.8 percent), Montana (+4.4 percent), and Kansas (+3.9 percent).
  • Excluding distressed sales, the five states with the greatest depreciation were: Nevada (-9.6 percent), Arizona (-7.7 percent), Minnesota (-5.9 percent), Michigan (-4.8 percent), and Delaware (-3.7 percent).
  • Including distressed transactions, the peak-to-current change in the national HPI (from April 2006 to September 2011) was -31.2 percent.  Excluding distressed transactions, the peak-to-current change in the HPI for the same period was -21.9 percent.
  • Of the top 100 Core Based Statistical Areas (CBSAs) measured by population, 82 are showing year-over-year declines in September, the same as in August.

Full-month September 2011 national, state-level and top CBSA-level data can be found at http://www.corelogic.com/HPISeptember2011.

*August data was revised.  Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results.

September HPI for the Country’s Largest Core Based Statistical Areas (CBSAs) by Population:

September 2011 12-Month HPI
CBSA Change by CBSA
Single Family Single Family  Excluding Distressed
Chicago-Joliet-Naperville, IL -9.7% -1.9%
Phoenix-Mesa-Glendale, AZ -8.0% -7.1%
Atlanta-Sandy Springs-Marietta, GA -7.8% -3.9%
Riverside-San Bernardino-Ontario, CA -6.3% -4.0%
Los Angeles-Long Beach-Glendale, CA -5.8% 0.2%
Houston-Sugar Land-Baytown, TX -4.3% 0.9%
Philadelphia, PA -0.3% -0.4%
Dallas-Plano-Irving, TX -0.1% 2.8%
Washington-Arlington-Alexandria, DC-VA-MD-WV 1.0% 2.3%
New York-White Plains-Wayne, NY-NJ 2.2% 2.9%

Source: CoreLogic.

September HPI State and National Ranking:

September 2011 12-Month HPI
State Change by State
Single Family Single Family

Excluding Distressed

National -4.1% -1.1%
Nevada -12.4% -9.6%
Illinois -9.2% -2.5%
Arizona -9.0% -7.7%
Minnesota -8.3% -5.9%
Georgia -7.2% -3.6%
California -6.5% -1.6%
Ohio -6.0% 0.0%
Delaware -5.8% -3.7%
Washington -5.6% -1.9%
Idaho -5.1% 0.0%
Wisconsin -4.7% -3.3%
New Mexico -4.7% -2.5%
Alabama -4.6% 2.4%
Missouri -4.4% -1.6%
Oregon -4.3% -3.3%
Utah -4.3% -0.8%
Florida -3.8% -1.7%
Michigan -3.7% -4.8%
Connecticut -3.5% -3.6%
New Hampshire -3.2% -1.1%
Rhode Island -2.7% -0.7%
Massachusetts -2.2% -1.6%
Hawaii -2.0% 0.9%
Arkansas -1.8% -1.0%
Kentucky -1.7% 0.2%
Maryland -1.6% 0.1%
Colorado -1.5% -0.2%
Texas -1.4% 1.6%
New Jersey -1.2% -1.5%
Indiana -0.7% 0.7%
Louisiana -0.6% 2.2%
Vermont -0.6% 3.1%
North Carolina -0.5% 0.4%
Iowa -0.4% 0.3%
Montana -0.3% 4.4%
Virginia -0.2% 0.7%
Oklahoma -0.2% 0.4%
Pennsylvania -0.1% 0.6%
Mississippi 0.0% 0.6%
South Carolina 0.6% 2.1%
Tennessee 0.7% 0.1%
Alaska 0.8% 1.4%
Kansas 1.2% 3.9%
Nebraska 1.2% 0.8%
District of Columbia 1.4% 0.3%
New York 2.4% 2.5%
North Dakota 3.1% 3.4%
Maine 3.5% 5.8%
South Dakota 3.6% 1.2%
Wyoming 3.8% 4.8%
West Virginia 7.0% 13.2%

Source: CoreLogic.

Methodology

The CoreLogic HPI incorporates more than 30 years’ worth of repeat sales transactions, representing more than 65 million observations sourced from CoreLogic industry-leading property information and its securities and servicing databases. The CoreLogic HPI provides a multi-tier market evaluation based on price, time between sales, property type, loan type (conforming vs. nonconforming), and distressed sales. The CoreLogic HPI is a repeat-sales index that tracks increases and decreases in sales prices for the same homes over time, which provides a more accurate “constant-quality” view of pricing trends than basing analysis on all home sales. The CoreLogic HPI provides the most comprehensive set of monthly home price indices and median sales prices available covering 6,607 ZIP codes (58 percent of total U.S. population), 608 Core Based Statistical Areas (86 percent of total U.S. population) and 1,146 counties (84 percent of total U.S. population) located in all 50 states and the District of Columbia.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has more than 5,000 employees globally. For more information visit www.corelogic.com.

Source:  CoreLogic

The data provided is for use only by the primary recipient or the primary recipient’s publication or broadcast. This data may not be re-sold, republished or licensed to any other source, including publications and sources owned by the primary recipient’s parent company without prior written permission from CoreLogic.  Any CoreLogic data used for publication or broadcast, in whole or in part, must be sourced as coming from CoreLogic, a data and analytics company. For use with broadcast or web content, the citation must directly accompany first reference of the data.  If the data is illustrated with maps, charts, graphs or other visual elements, the CoreLogic logo must be included on screen or web site.  For questions, analysis or interpretation of the data, contact Lori Guyton at lguyton@cvic.com or Bill Campbell at bill@campbelllewis.com. Data provided may not be modified without the prior written permission of CoreLogic.  Do not use the data in any unlawful manner. This data is compiled from public records, contributory databases and proprietary analytics, and its accuracy is dependent upon these sources.

CORELOGIC, the stylized CoreLogic logo and HPI are registered trademarks owned by CoreLogic, Inc. and/or its subsidiaries. No trademark of CoreLogic shall be used without the express written consent of CoreLogic.

CONTACT: For real estate industry and trade media: Bill Campbell, +1-212-995-8057 (office), +1-917-328-6539 (mobile), bill@campbelllewis.com; For general news media: Lori Guyton, +1-901-277-6066, lguyton@crosbyvolmer.com

Web Site: http://www.corelogic.com

CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, announced today the completion of its purchase of Experian Information Solutions, Inc.’s 20-percent ownership interest in CoreLogic Real Estate Solutions, LLC (formerly First American Real Estate Solutions, LLC).  Initiated in April, the transaction closed as scheduled for the purchase price of $313.8 million.

About CoreLogic

CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations.  Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information visit www.corelogic.com.

CoreLogic is a registered trademark of CoreLogic.

CONTACT: Media, Alyson Austin, Corporate Communications, +1-714-250-6180, newsmedia@corelogic.com, or Investors, Dan Smith, Investor Relations, +1-703-610-5410, investor@corelogic.com

Web Site: http://www.corelogic.com

Business Information Company CoreLogic (NYSE: CLGX) Closes Sale to STG

Business Information Company CoreLogic (NYSE: CLGX) Closes Sale to STG

CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, announced today the December 31, 2010, closing of the previously announced sale of its Employer Services and Litigation Support businesses to Symphony Technology Group (STG) for all-cash proceeds of $265 million. CoreLogic also estimates that it will realize a tax benefit in excess of $25 million in connection with the transaction.

STG will operate these businesses under the brand name First Advantage. CoreLogic will retain the remaining businesses that had been part of the former First Advantage Corporation that were acquired in November 2009.

Macquarie Capital advised CoreLogic in the sale process for the First Advantage businesses.

Certain statements made in this press release, including, but not limited to the estimated tax benefit to be realized in connection with the transaction, are forward-looking statements within the meaning of the federal securities laws.  Risks and uncertainties exist that may cause results to differ materially from those set forth in the forward-looking statements.  Factors that could cause the anticipated results to differ from those described in the forward-looking statements include the results of further analysis and preparation of more detailed documentation regarding the precise size and nature of the anticipated tax benefit as well as other factors set forth in CoreLogic’s Current Report on Form 8-K filed on June 1, 2010 and Part I, Item 1A of our most recent Annual Report on Form 10-K, as updated by CoreLogic’s Quarterly Reports on Form 10-Q.  The forward-looking statements speak only as of the date they are made. CoreLogic does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.

About CoreLogic

CoreLogic is a leading provider of consumer, financial and property information, analytics and services to business and government. The company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations.  Formerly, the information solutions group of The First American Corporation, CoreLogic began trading under the ticker CLGX on the NYSE on June 2, 2010. The company, headquartered in Santa Ana, Calif., has more than 10,000 employees globally with 2009 revenues of $2 billion. For more information visit www.corelogic.com.

About Symphony Technology Group

Symphony Technology Group (STG) is a strategic private equity firm with the mission of investing in and building great software and services companies. In addition to capital, STG provides transformation expertise to enable its companies to deliver maximum value to their clients, to drive growth through innovation, to retain and attract the best talent and to achieve best in class business performance. STG’s current portfolio consists of eight global companies. For more information, visit: www.symphonytg.com.

CoreLogic is a registered trademark of CoreLogic.