CoreLogic® Releases February MarketPulse Report

SANTA ANA, Calif., Feb. 9, 2012 /PRNewswire/ -- CoreLogic (NYSE: CLGX), a leading provider of information, analytics and business services, today released its February CoreLogic MarketPulse report. The monthly economic publication, first released last month, provides insight into the current and future health of the U.S. economic climate with particular focus on housing and mortgage metrics. Chief Economist Mark Fleming along with other members of the CoreLogic Mortgage Analytics & Economics team authored the articles and commentary.

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The February MarketPulse report:

• Examines the historical linear relationship between home prices and per-capita income, and how that relationship began to change in the early 2000s as home price growth was no longer supported fundamentally by income growth. "The ability to exaggerate incomes and afford higher payments helped add fuel to an overheated housing market and led to unprecedented home price acceleration," said Fleming in the report.
• Reports that the U.S. economy is heading in the right direction with a slow and steady improvement in the labor markets, though the real estate and housing finance markets remain stuck in neutral as sales and prices declined slightly while originations activity improved.
• Shows FICO score and DTI ratios for purchase and refinance borrowers have not moved much over the last few months, and the credit and debt box for loans remains as tight as it has been since the peak of the crisis.
• Provides an overview and breakdown of national, state and CBSA-level statistics, including sales, home prices, foreclosures, delinquencies, and negative equity share for each month in 2011.

For a complete copy of the February CoreLogic MarketPulse report, which includes data and charts, visit http://www.corelogic.com/marketpulse-feb12. 

About CoreLogic

CoreLogic (NYSE: CLGX) is a leading provider of consumer, financial and property information, analytics and services to business and government. The Company combines public, contributory and proprietary data to develop predictive decision analytics and provide business services that bring dynamic insight and transparency to the markets it serves. CoreLogic has built one of the largest and most comprehensive U.S. real estate, mortgage application, fraud, and loan performance databases and is a recognized leading provider of mortgage and automotive credit reporting, property tax, valuation, flood determination, and geospatial analytics and services. More than one million users rely on CoreLogic to assess risk, support underwriting, investment and marketing decisions, prevent fraud, and improve business performance in their daily operations. The Company, headquartered in Santa Ana, Calif., has more than 5,000 employees globally. For more information, visit www.corelogic.com.

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SOURCE CoreLogic