DSNEWS.Com Reports on Falling Delinquencies
Data released by Lender Processing Services (LPS) Thursday shows mortgage delinquencies are continuing to decline, now nearly 30 percent below their January 2010 peak. Loans in the process of foreclosure, on the other hand, are steadily rising. LPS says foreclosure inventories reached an all-time high at the end of October, making up 4.29 percent of […]
LPS Releases Dismal Mortgage Statistics
Lender Processing Services (LPS), the largest mortgage servicer in the United States, recently released its “Mortgage Monitor,” a comprehensive study of the status of U.S. mortgages/foreclosures. The study found the national average of delinquent mortgages at about 12.45%. In other words, nearly 4.1 Million loans are either delinquent or currently in foreclosure. The research further […]
Update on the U.S. Real Estate Market
At the end of August, Lender Processing Services (LPS) reported that mortgages on 4,947,000 properties nationwide were at least 30 days past due but NOT in foreclosure. Of those, 2,374,000 were 90 or more days delinquent. The good news is that the delinquency rate of loans that are 30 days or more past due have […]