From: Lori Guyton [lguyton@cvic.com]
Sent: Thursday, June 03, 2010 7:30 AM
To: Wasserman, Jim - Sacramento
Subject: Sacramento-Arden-Arcade-Roseville Real Estate News and Trends
CoreLogic Sacramento--Arden-Arcade--Roseville Real Estate News and Trends
June 3, 2010 A real estate report by CoreLogic on home sales, price trends, and foreclosure activity


Contact: Jason Schneider (202) 232.6399 jschneider@cvic.com

First American CoreLogic is now a part of CoreLogic following its separation from First American Corporation. CoreLogic will continue to be the most comprehensive source of U.S. real estate, mortgage application, fraud and loan performance data. As CoreLogic, the company is larger and more diverse, encompassing more than 20 different business entities in the areas of data, analytics and information services. CoreLogic is also a leading provider of automotive credit reporting, property tax, valuation, flood determination and geospatial analytics. On June 1, 2010 CoreLogic will officially separate from First American and become a publicly traded company listed on the NYSE under the symbol CLGX.

More Information about CoreLogic can be found at CoreLogic.com

 FORECLOSURE ACTIVITY

Foreclosure Rates in Sacramento--Arden-Arcade--Roseville Increase

map Foreclosure rates in Sacramento--Arden-Arcade--Roseville have increased for the month of April over the same period last year, according to CoreLogic.

According to newly released data from CoreLogic on foreclosures for the Sacramento--Arden-Arcade--Roseville area, the rate of foreclosures among outstanding mortgage loans is 3.30 percent for the month of April, an increase of 0.08 percentage points compared to April of 2009 when the rate was 3.22 percent.* Foreclosure activity in Sacramento--Arden-Arcade--Roseville is higher than the national foreclosure rate which was 3.20 percent for April 2010, representing a 0.10 percentage point difference.

Also in Sacramento--Arden-Arcade--Roseville, the mortgage delinquency rate has increased. According to CoreLogic data for April 2010, 12.2 percent of mortgage loans were 90 days or more delinquent compared to 8.6 percent for the same period last year, representing an increase of 3.6 percentage points.*

* Data and percentage point differences are rounded to the nearest tenth and may appear to affect calculations.
 

Location 90+ Day Delinquency Rate April 2010 90+ Day Delinquency Rate April 2009 Percentage Point Change in 90+ Day Delinquency Rate Foreclosure Rate April 2010 Foreclosure Rate April 2009 Percentage Point Change in Foreclosure Rate REO Rate April 2010 REO Rate April 2009 Percentage Point Change in REO Rate
California 11.60% 8.45% 3.15% 3.14% 3.20% -0.06% 0.76% 1.02% -0.26%
Sacramento--Arden-Arcade--Roseville, CA 12.2% 8.6% 3.6% 3.30% 3.22% 0.08% 0.87% 0.87% 0.00%
US 8.90% 6.03% 2.87% 3.20% 2.46% 0.74% 0.57% 0.58% -0.01%

Source: CoreLogic.

Sacramento--Arden-Arcade--Roseville, CA 90+ Day Delinquency Rate Foreclosure Rate REO Rate
April 2010 12.19% 3.30% 0.87%
March 2010 11.81% 3.27% 0.87%
February 2010 11.46% 3.21% 0.90%
January 2010 11.51% 3.26% 0.92%
December 2009 11.38% 3.36% 0.91%
November 2009 11.26% 3.53% 0.91%
October 2009 10.94% 3.54% 0.89%
September 2009 10.60% 3.46% 0.91%
August 2009 10.08% 3.44% 0.80%
July 2009 9.51% 3.38% 0.80%
June 2009 9.31% 3.40% 0.93%
May 2009 9.01% 3.39% 0.87%
April 2009 8.62% 3.22% 0.87%
March 2009 8.16% 3.03% 0.94%
February 2009 8.06% 2.59% 1.34%
January 2009 7.64% 2.30% 1.41%

Source: CoreLogic.

Data Notes and Definitions

90+ Day Delinquency Rate: This measures the percentage of loans that are more than 90 days delinquent including those in foreclosure and REO (real estate owned).

Foreclosure Rate: This measures the percentage of loans in some stage of foreclosure including 90+ delinquencies through properties sold at auction. This does not represent the number of new foreclosure filings as provided by other data companies, but rather the current stock, or inventory, of loans in the foreclosure process which offers a comprehensive view of foreclosure trends.

REO (Real Estate Owned) Rate: This measures the percentage of loans not sold at auction which are then returned to the lender. Foreclosure data for CoreLogic is reported based on the actual number of active mortgage loans rather than the total number of households in a given area, which provides more accurate results by removing paid-in-full mortgages from the equation.