After suddenly jumping 7.7 percent in September, the nation’s delinquency rate fell in October, according to “first look” data from Lender Processing Services (LPS). The delinquency rate stood at 7.03 percent in October, a decrease of 4.91 percent from September and 7.19 percent from last year. Historically, LPS says the delinquency rate is actually expected …
Continue reading ‘Delinquency Rate Falls After Spiking in September’ »
Two prominent home-price indices continued to show declines in September and October, with one outlook indicating no more than flat growth in the next two years. A home-price index report from loan data aggregator Lender Processing Services showed the national average sales price for single-family homes fell 4.4 percent year over year and 1.2 percent …
Continue reading ‘2012 Housing Market Prediction by CoreLogic’ »
How many homeowners in the United States are behind on their mortgage payments? It’s 6,373,000, according to Lender Processing Services (LPS). The number is staggering, but it’s actually on the decline, down from 6,397,000 as of the end of August, and 6,538,000 at the end of July. LPS offered the media an advance look at …
Continue reading ‘Industry’s Past-Due Mortgages Continue to Drop’ »
The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That’s a record for the company’s regular monthly study on mortgage performance trends. At the end of July, LPS counted 2.2 million loans in foreclosure and nearly 1.9 million that were over 90 days past due but …
Continue reading ‘LPS Puts Average Delinquency+Foreclosure Timeline at 599 Days’ »