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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
Rates in Sacramento--Arden-Arcade--Roseville Increase
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. |