CoreLogic: Foreclosures decline 16% in July

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CoreLogic reported this morning that completed foreclosures in August were 24 percent lower than one year earlier and also down from July. There were 57,000 foreclosures completed during August.

. http://www.corelogic.com/ reported Thursday. In August 2012, 57,000 homes were lost to foreclosure, down from 58,000 in July and 75,000 a year ago, according to the report. The yearly decrease.

CoreLogic states that 166 U.S. metro areas in march posted small increases in overall delinquency rates. "Delinquency rates and foreclosures continue to drop through March and should decline further ..

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Foreclosure filings. It was the first time since July 2007 that the number fell below 200,000. The largest decreases occurred in states with no court supervision of repossessions, led by Arkansas.

When looking at only the top 50 markets based on housing stock, 42% were overvalued, 16% were undervalued and 42% were at value. The CoreLogic MCI analysis defines an overvalued housing market as one in which home prices are at least 10% above the long-term, sustainable level.

The number of foreclosures completed in July totaled 58,000, down 16% from 69,000 a year earlier and 62,000 in June, according to analytics firm CoreLogic.

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CoreLogic has released its monthly Loan Performance Insights Report. The report shows that nationally 4% of mortgages were in some stage of delinquency (30 days or more past due, including those.

Residential "shadow inventory" declined to 1.6 million units in July, from 1.9 million a year earlier, CoreLogic reported. The latest number represents five months supply, down from six months a year.

According to CoreLogic’s March national foreclosure report, there were 55,000 completed foreclosures in the U.S. in March 2013, down from 66,000 in March 2012: a year-over-year decrease of 16%. On a.

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Foreclosure inventory decreased 29.1% annually in July from, and completed foreclosures decreased 16.5% from 41,000 last year to 34,000. This decrease represents a drop of 71.2% from the peak of.

Home Foreclosure Decline Continues in March – CoreLogic. the number of foreclosures is still well above the 2000 to 2006 average of 21,000 foreclosures per month. CoreLogic notes that since.