Oct 21st 2011 8:00AM
Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score. Real estate and mortgage data aggregator CoreLogic says it's signed an... Continue Reading »
Jul 28th 2011 11:25AM
LOS ANGELES -- Most of the nation's largest metropolitan areas are seeing a sharp drop in foreclosure activity as banks take longer to move against homeowners who are behind on their mortgage payments. In the first half of this year, 84 percent of metropolitan areas with a population of at least 200,000 saw their... Continue Reading »
Aug 23rd 2010 5:06PM
After a two year lull in response to the subprime mortgage crisis, lending fraud is back with a vengeance. A new report by research firm CoreLogic shows that mortgage fraud rose 17 percent last year. In comparison, fraud dropped a total of 57 percent in the two years following its peak in 2006. While the increase may seem... Continue Reading »
Aug 12th 2010 10:30AM
Lenders lost about $310 million in the last two years unnecessarily because of short sale fraud in one out of 53 short sale transactions, according to CoreLogic. That's not a big surprise when you consider that short sales are up 700 percent compared to just two years ago. Over half of all short sales (55.8 percent)... Continue Reading »
Jul 13th 2010 1:12PM
Not many Americans are feeling it yet, but we may be in the midst of a housing recovery. National home prices increased in May by 2.9 percent, as compared to May 2009, according to real estate information firm CoreLogic, making it the fourth straight month they have done so. But don't celebrate just yet; many experts... Continue Reading »
