Delinquency Rate Falls After Spiking in September

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 …

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Real Estate Debt and Delinquencies on the Decline

Real estate-related debts are on the decline, as are overall delinquencies, according to a quarterly report from the Federal Reserve Bank of New York. Debt maintained through mortgages and home equity lines of credit (HELOC) declined $146 billion during the fourth quarter of last year. Mortgages made up a majority of the decline – $134 …

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Commercial Real Estate Fundamentals Begin to Stabilize in Q1 ’10

Though property and mortgage performance remain weak, commercial real estate fundamentals are beginning to show signs of stabilization, according to the first quarter 2010 Commercial Real Estate/Multifamily Finance Quarterly Data Book recently released by the Mortgage Bankers Association (MBA). MBA said the economy showed signs of economic traction in the first quarter – with gross …

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Half of all loan modifications delinquent again within year

More than half of all homeowners with modified mortgages fell at least two months behind in their payments a year after the adjustment was made, according to a federal report released Wednesday. However, the data also shows that modifications made in 2009, which emphasized reduced monthly payments, may perform better. Only 40.7% of loans modified …

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