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CoreLogic: 860,000 Completed Foreclosures

Posted By Barry Ritholtz On March 16, 2012 @ 8:32 am In Foreclosures | Comments Disabled

Interesting data points from CoreLogic:

• The five states with the largest number of completed foreclosures for the twelve months ending in January 2012 were: California (155,000), Florida (86,000), Arizona (65,000), Michigan (65,000) and Texas (57,000). These five states account for 49.7 percent of all completed foreclosures nationally.

• The percent of homeowners nationally who were more than 90 days late on their mortgage payments, including homes in foreclosure and REO, was 7.2 percent for January 2012 compared to 7.8 percent for January 2011, and 7.2 percent in December 2011.

• The five states with the highest foreclosure rates were: Florida (11.8 percent), New Jersey (6.4 percent), Illinois (5.3 percent), Nevada (5.0 percent) and New York (4.7 percent).

• The five states with the lowest foreclosure rates were: Wyoming (0.7 percent), Alaska (0.8 percent), North Dakota (0.8 percent), Nebraska (1.1 percent) and Texas (1.3 percent).

• Of the top 100 markets, measured by Core Based Statistical Areas (CBSAs) population, 32 are showing an increase in the foreclosure rate in January 2012 compared to a year ago, the same as from December 2011 when 32* of the top CBSAs were showing an increase in the foreclosure rate compared to December 2010.

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CoreLogic Serious Delinquency Rates
[1]

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Source:
More Than 860,000 Completed Foreclosures Nationally in the Last Twelve Months [2]
145,000 Y-O-Y Decline in Foreclosure Inventory to 1.4 Million Homes
CoreLogic Reports, March 15, 2012
http://www.corelogic.com/about-us/researchtrends/asset_upload_file902_14571.pdf


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[1] Image: http://www.ritholtz.com/blog/wp-content/uploads/2012/03/Delinquency-.png

[2] More Than 860,000 Completed Foreclosures Nationally in the Last Twelve Months: http://www.corelogic.com/about-us/researchtrends/asset_upload_file902_14571.pdf

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