Archive of posts tagged non-current

Industry’s Past-Due Mortgages Continue to Drop

Posted by on

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’ »

LPS Puts Average Delinquency+Foreclosure Timeline at 599 Days

Posted by on

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’ »