CoreLogic Reports Mortgage Delinquencies Dropped to a 10-Year Low in March 2017

IRVINE, Calif.–(BUSINESS WIRE)–CoreLogic® (NYSE: CLGX), a leading global property
information, analytics and data-enabled solutions provider, today
released its monthly Loan
Performance Insights Report
which shows that, nationally, 4.4
percent of mortgages were in some stage of delinquency (30 days or more
past due including those in foreclosure) in March 2017. This represents
a 0.8 percentage point decline in the overall delinquency rate compared
with March 2016 when it was 5.2 percent.

As of March 2017, the foreclosure inventory rate, which measures the
share of mortgages in some stage of the foreclosure process, was 0.8
percent compared with 1 percent in March 2016. The serious delinquency
rate, defined as 90 days or more past due including loans in
foreclosure, was 2.1 percent, down from 2.7 percent in March 2016.

Measuring early-stage delinquency rates is important for analyzing the
health of the mortgage market. To comprehensively monitor mortgage
performance, CoreLogic examines all stages of delinquency as well as
transition rates, which indicate the percentage of mortgages moving from
one stage of delinquency to the next.

Early-stage delinquencies, defined as 30-59 days past due, fell to 1.7
percent in March 2017, down from 1.9 percent in March 2016 and the
lowest level since January 2000. The share of mortgages that were 60-89
days past due in March 2017 was 0.59 percent, down slightly from 0.63
percent in March 2016.

“Early-stage mortgage performance continues to improve at a steady pace,
especially for 30-59-day delinquencies which fell to 1.7 percent, the
lowest rate for any month since January 2000,” said Dr. Frank Nothaft,
chief economist for CoreLogic. “Late-stage serious delinquency rates
continue to decline, falling to their lowest levels since November 2007.”

Since early-stage delinquencies can be volatile, CoreLogic also analyzes
transition rates. The share of mortgages that transitioned from current
to 30-days past due was 0.6 percent in March 2017, down from 0.7 percent
in March 2016 and the lowest for any month since January 2000. By
comparison, in January 2007, just before the start of the financial
crisis, the current-to-30-day transition rate was 1.2 percent and it
peaked in November 2008 at 2 percent.

“Dropping delinquency and foreclosure rates reflect the beneficial
impact of stringent post-crisis underwriting standards as well as better
fundamentals such as higher employment, household formation and home
price gains,” said Frank Martell, president and CEO of CoreLogic.
“Looking ahead, we expect these positive trends to continue as the
industry shifts its focus toward solving supply shortages and looming
affordability crises in an increasing number of markets.”

For ongoing housing trends and data, visit the CoreLogic Insights Blog: www.corelogic.com/blog.

Methodology

The data in this report represents foreclosure and delinquency activity
reported through March 2017.

The data in this report accounts for only first liens against a property
and does not include secondary liens. The delinquency, transition, and
foreclosure rates are measured only against homes that have an
outstanding mortgage. Generally, homes with no mortgage liens are not
subject to foreclosure and are, therefore, excluded from the analysis.
Approximately one-third of homes nationally are owned outright and do
not have a mortgage. CoreLogic has approximately 85 percent coverage of
U.S. foreclosure data.

Source: CoreLogic

The data provided is for use only by the primary recipient or the
primary recipient’s publication or broadcast. This data may not be
re-sold, republished or licensed to any other source, including
publications and sources owned by the primary recipient’s parent company
without prior written permission from CoreLogic. Any CoreLogic data used
for publication or broadcast, in whole or in part, must be sourced as
coming from CoreLogic, a data and analytics company. For use with
broadcast or web content, the citation must directly accompany first
reference of the data. If the data is illustrated with maps, charts,
graphs or other visual elements, the CoreLogic logo must be included on
screen or website. For questions, analysis or interpretation of the
data, contact Lori Guyton at lguyton@cvic.com
or Bill Campbell at bill@campbelllewis.com.
Data provided may not be modified without the prior written permission
of CoreLogic. Do not use the data in any unlawful manner. This data is
compiled from public records, contributory databases and proprietary
analytics, and its accuracy is dependent upon these sources.

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading global property information,
analytics and data-enabled solutions provider. The company’s combined
data from public, contributory and proprietary sources includes over 4.5
billion records spanning more than 50 years, providing detailed coverage
of property, mortgages and other encumbrances, consumer credit, tenancy,
location, hazard risk and related performance information. The markets
CoreLogic serves include real estate and mortgage finance, insurance,
capital markets, and the public sector. CoreLogic delivers value to
clients through unique data, analytics, workflow technology, advisory
and managed services. Clients rely on CoreLogic to help identify and
manage growth opportunities, improve performance and mitigate risk.
Headquartered in Irvine, Calif., CoreLogic operates in North America,
Western Europe and Asia Pacific. For more information, please visit www.corelogic.com.

CORELOGIC and the CoreLogic logo are trademarks of CoreLogic, Inc.
and/or its subsidiaries.

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