Foreclosures Remain High But Improving Yearly

Foreclosures Remain High but Improving Yearly: CoreLogic The number of completed foreclosures in May decreased yearly and increase slightly from the previous month, CoreLogic reported Friday. The number of completed foreclosures last month totaled 63,000 compared to 77,000 in May 2011 and 62,000 in April 2012. “Although the level of completed foreclosures remains high, it …

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Loan Performance Improves, Foreclosure Starts Down, LPS Reports

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

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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Foreclosure Activity Down 17% from a Year Ago

January’s foreclosure market report was released last week by RealtyTrac. Although the analysis shows that foreclosure filings increased by 1% from the previous month, but decreased by 17% from January 2010.  A total of 75,198 U.S. properties received default notices in January–which is the lowest monthly total for default notices since July 2007. 261,333 U.S. …

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