Insightful Solutionsfor Government Research & Planning

While individual homeowners facing foreclosure will experience the greatest impact from the nation’s economic crisis, state and local government agencies may be next in line for serious and potentially long-lasting damage. Cities, counties, special districts and states across the nation could face sharp drops in tax revenues that translate into serious budget shortfalls.

At the same time, these agencies are being called upon to increase spending to aid struggling families and establish legitimate assistance programs that shield those families from being further victimized by fraud. Cities and counties are also being called on to bolster police and fi re protection against vandalism, burglary and arson in neighborhoods where homes stand vacant. Long term, these communities may be faced with high rental-property percentages, which drive down a community’s perceived desirability, and may be confronted with demolition and cleanup costs if vacancies continue and crime escalates.

Getting the Facts

Though many government offi cials know potential dangers loom, they do not have the data needed to get a clear picture of how the crisis specifi cally and directly affects their programs and people. That’s where CoreLogic comes in. We hold the nation’s largest database of homeowner and property data, covering more than 99 percent of the U.S. property owner population. Our database is updated daily and can provide critical, detailed information, including:

Where: Maps showing neighborhoods affected by negative equity, delinquencies, foreclosures and bank-owned properties; and the extent they are impacted

ACROSS THE COUNTRY,

COUNTLESS AGENCIES,

BUSINESS AND NON PROFITS

COULD BE AFFECTED BY

THE ECONOMIC CRISIS

INCLUDING:

► Property tax assessment

and collection agencies

► Any entity that relies on

property tax revenues for

all or part of its support,

including states, education

departments, school

boards and districts, cities,

townships, counties, special

districts, libraries, and others

► Government agencies

that provide services

to particular areas or

demographic groups that

may be impacted by the

foreclosure and credit crises

► State and national

legislators and local

government leaders who

can initiate actions that

benefi t constituents

► Community outreach

agencies and nonprofi t

organizations who will

serve people aff ected

► Law enforcement agencies

who need to know who and

where criminals are most

likely to strike

ACCESS TO SPECIFIC DATA

ABOUT THE POTENTIAL

IMPACT ALLOWS THESE

ORGANIZATIONS TO CREATE

MORE ACCURATE BUDGET

FORECASTS AND PRIORITIZE

ACTIONS TO RESPOND TO

COMMUNITY NEEDS.

-223,860,257

1,128,370,091

-301,824,160

1,369,899,022

-167,817,883

553,629,114

-167,207,092

1,076,075,750 -415,333,689

3,261,226,165

-7,118,823,310

2,055,451,270

Negative

-5,063,372,040-4,000,000,000-2,000,000,000

02,845,892,476

Equity Bucket

Sum of Equity

PositiveUnknown

What: Interest rates and types of loans moving into foreclosure by zip code and demographic criteria

When: Reset dates on adjustable rates mortgages and length of payment delinquencies by neighborhood

1200K

1000K

800K

600K

400K

200K

2003 2004 2005 2006 2007

Co

unt

of

Num

ber

of

Rec

ord

s

2008 2009 2010 2011 2012 2013 2014 2015 2016 20170K

ARMs by First Change Date Chart

WAVE 1 WAVE 2

2.8M Loans – 51% Subprime 334 Loans – .02% Subprime

Ethnicity group code Ind1 (group)

Count of Number of Records

92701African American

0 2010 4030Count of Number of Records

0 2010 4030Count of Number of Records

0 2010 4030

Asian American Hispanic

9270392704927059270692707

MM 1 Rate TypeAdjustableFixedUnknown

A look at loan type by ethnicity indicates a large number of adjustable rate loans are occuring in one zip code's Hispanic community.

This chart maps out ARM loan types by the year of their fi rst change date taken from the CoreLogic database. WAVE 1 represents the large wave of loans resetting from 2007 to 2009, with the light blue portions showing subprime segments. WAVE 2, representing years 2010 through 2012, shows a signifi cant number of non-subprime loans will reset.

Tax Impact: Financial impact of negative equity foreclosures on tax revenues

Who: Age, ethnicity and income demographics of the people affected in each neighborhood, as well as the loan rates and types by demography

147,826

42,575,343

70,697,831

33,955,893

43,723,311

52,059

16,955,097

2,097,265

20,640,326

65,161,435

428,811

40 or less

96150

200250316

Age Range Ind1 (group)

Count of Equity

41 to 6565 and older

A more specifi c view into foreclosure properties. The REO Flag indicates bank-owned homes, while the Yes Flag indicates those homes in the process of foreclosure and their relationship to negative equity.

This map pinpoints foreclosure activity by zip code through three age ranges.

Foreclosure Equity

0 2200200018001600140012001000800600400200

REO Flag

FCL FLAG (group)

Yes Flag

Equity BucketNegativePositive

Our data can be plotted onto street, parcel and aerial maps. Through special arrangement, customers can also combine their data with ours to narrow the focus onto particular information of interest.

Knowledge-Driven Action

The quality, volume and currency of the data we provide can help prevent communities from being caught off guard. Our analysis tools turn that data into knowledge by enabling our customers to look at situations from multiple perspectives and broad to granular levels.

Community leaders can more accurately predict the economic impact on tax revenues, budgets and service needs. They can also narrow the focus to look at different neighborhoods and demographic groups and develop scenarios on how each may be affected. In addition, they can look at areas of interest by loan types, to predict the impact of coming adjustable rate mortgage resets and early payment penalties. From that knowledge, elected offi cials, municipal and county leaders, and community organizers can develop meaningful action plans to prevent long-term issues from taking root and growing.

Benefi ting the Community

The economic uncertainty affecting the country is spreading down and across all sectors. As government agencies and elected offi cials are called upon to deal with the dual problem of decreased tax revenues and increased service demands, they need the best data possible to make decisions and initiate programs that will provide the greatest benefi ts to the greatest number of people.

Homeowner Demographics: ► Age ► Race ► Gender ► Marital status ► FICO Score

Map Overlays: ► Parcel ► Aerial ► Street ► Flood

Neighborhood (Zip +4): ► Percent owner occupied ► Median home value

♦ Home value breakout ► Household size ► Average household income

♦ Income range breakout ► Gender split ► Married and unmarried percentages ► Median mortgage payments

♦ Mortgage payment breakout ► Median rent payments

♦ Rent payment breakout ► School enrollment breakout ► Education level attained breakout ► Workforce occupation breakout ► County violent & nonviolent crime statistics breakout

Property: ► Address ► Homeowner(s) ► Property type ► Property characteristics ► Year built ► Purchase date ► Property taxes ► Voluntary and involuntary liens ► Owner-occupancy status ► Transaction history

Value: ► Sales price ► Assessed value ► Current value ► Equity data ► Loan-to-value ratio ► Trends by geography

Loan: ► Lender (1st, 2nd & HELOC) ► Loan type ► Rate type ► Loan term ► Adjustable rate reset dates ► Prepayment penalty loans

Mortgage Payment Status: ► Current ► 30-, 60-, 90-days (more) delinquent

Risk: ► Homes in pre foreclosure ► Homes in foreclosure ► Homes up for auction ► Bank-owned homes (REO)

Creating Insight

This is the vital data you need to take immediate action and plan wisely for your community’s future.

Information available includes:

corelogic.com

© 2010 CoreLogic

CORELOGIC is a registered trademark of CoreLogic

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