Salem-News.com Real Estate articles Page 5

First American CoreLogic Releases Q3 Negative Equity Data

The amount of equity for each property was determined by subtracting the property's estimated current value from the mortgage debt outstanding.

(SALEM, Ore.) - First American CoreLogic, the first company to develop a national, state and city-level negative equity report, has released third quarter data that includes a proprietary model which factors in loan amortization and utilization rates for home equity lines of credit (HELOC), providing a more precise view of "underwater borrowers."

According to First American CoreLogic, nearly 10.7 million, or 23 percent, of all residential properties with mortgages were in negative equity as of September 2009.

Foreclosure Rates in Salem Increase

The mortgage delinquency rate in Salem has increased.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of September over the same period last year.

According to recent data from First American CoreLogic on foreclosures for the Salem area, the rate of foreclosures among outstanding mortgage loans is 1.90 percent for the month of September, an increase of 1.14 percentage points compared to September of 2008 when the rate was 0.75 percent.

Salem Foreclosure Rates Increase

The mortgage delinquency rate has also increased in Salem.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of August over the same period last year, according to First American CoreLogic, the leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.

According to recent data from First American CoreLogic on foreclosures for the Salem area, the rate of foreclosures among outstanding mortgage loans is 1.76 percent for the month of August, an increase of 1.06 percentage points compared to August of 2008 when the rate was 0.70 percent.*

Foreclosure Rates in Salem Increase

Foreclosure data for First American CoreLogic is reported based on the actual number of active mortgage loans rather than the total number of households in a given area

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of July over the same period last year, according to First American CoreLogic, the leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.

According to recent data from First American CoreLogic on foreclosures for the Salem area, the rate of foreclosures among outstanding mortgage loans is 1.70 percent for the month of July.

LPS Study Demonstrates Impact of Foreclosure Sales on Home Prices

Foreclosures in California jumped from 3% in 2006, to more tha 52 percent of all sales in California.

(JACKSONVILLE, Fla.) - Lender Processing Services, Inc. has announced the release of its recent nationwide study revealing the impact of foreclosure sales, also known as real estate owned sales, on home prices.

"REO sales account for as much as 60 percent of housing activity in some states," said Nima Nattagh, Ph.D., senior vice president, LPS Applied Analytics.

Lender Processing Services` August Mortgage Monitor Report

Shows increased foreclosure starts but greater loss mitigation success; mortgage performance is improving, but the foreclosure pipeline remains clogged.

(JACKSONVILLE, Fla.) - The August 2009 LPS Mortgage Monitor has been released by Lender Processing Services, Inc. (NYSE: LPS).

New Data Shows Nearly One-Third of all Mortgages Underwater

Salem Shows 24.55 Percent of Mortgages in Negative Equity.

(SALEM, Ore.) - More than 15.2 million U.S. mortgages, or 32.2 percent of all mortgaged properties, were in negative equity position as of June 30, 2009 according to newly released data from First American CoreLogic.

In Salem, 16,926, or 24.55 percent of all properties with a mortgage, are in negative equity. A total of 21,268 mortgages, or 30.85 percent, are in near negative equity or negative equity.

Foreclosure Rates in Salem Increase

During the past 12 months, from July 2008 to June 2009, there was a total of 3,532 foreclosure filings in Salem, or approximately 9.68 per day.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of June over the same period last year, according to First American CoreLogic.

According to recent data from First American CoreLogic on foreclosures for the Salem area, the rate of foreclosures among outstanding mortgage loans is 1.60 percent for the month of June, an increase of 0.90 percentage points compared to June of 2008 when the rate was 0.70 percent.

Foreclosure Rates in Salem Increase

Foreclosure activity in Salem is lower than the national foreclosure rate which was 2.5 for May 2009, representing a 1.10 percentage point difference.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of May over the same period last year, according to First American CoreLogic, the leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.

According to recent data from First American CoreLogic on foreclosures for the Salem area, the rate of foreclosures among outstanding mortgage loans is 1.40 percent for the month of May, an increase of 0.80 percentage points compared to May of 2008 when the rate was 0.70 percent.

Foreclosure Rates in Salem Increase

During the past 12 months, from April 2008 to March 2009, there was a total of 3,116 foreclosure filings in Salem, or approximately 8.54 per day.

(SALEM, Ore.) - Foreclosure rates in Salem have increased for the month of March over the same period last year, according to First American CoreLogic, the leading collector of national, state and local data on home prices, foreclosure and delinquency activity, real estate sales volume and mortgage loan activity.