Archive of posts tagged performance

Loan Performance Improves, Foreclosure Starts Down, LPS Reports

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Across the board, loan performance improved for February, and foreclosure starts were down compared to the month before in January, according to a report from LPS Applied Analytics. Despite the decrease in foreclosure starts, foreclosure inventory still remains near historic highs, while delinquency rates are at their lowest level since August 2008, LPS reported. Foreclosure …

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LPS Puts Average Delinquency+Foreclosure Timeline at 599 Days

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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 …

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Distressed Properties Account for 39% of Home Sales

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Data released by the National Association of Realtors (NAR) Tuesday show that distressed properties, including bank-owned homes and pre-foreclosure short sales, made up 39 percent of the first quarter’s existing-home sales. That’s up from 36 percent a year earlier. Overall, sales of previously owned homes rose to an annual rate of 5.14 million units during …

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Pending Home Sales Surge Unexpectedly in October

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Industry data released Thursday showed that the number of contracts signed for home purchases climbed in October. The news came as a surprise to analysts and industry professionals who have been anticipating a continued falloff in buyer demand due to the typical seasonal slowdown in home sales, compounded by concerns that servicers’ affidavit problems could …

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