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 …

Continue reading ‘LPS Puts Average Delinquency+Foreclosure Timeline at 599 Days’ »

California Realtors Offer Mortgage Assistance for Unemployed

The CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) recently launched a new program that allows home sellers to purchase mortgage protection coverage and offer it as an additional incentive to home buyers who purchase their home. MAKING SENSE OF THE STORY The “Home Payment Protection Program” (HPPP) is available through California REALTORS® who offer it to sellers …

Continue reading ‘California Realtors Offer Mortgage Assistance for Unemployed’ »

NAR Home Buyer and Seller Survey Shows Value of Long-Term Home Ownership

Home buyers today have affirmed a long-term view of home ownership, the typical seller is experiencing positive returns and the vast majority of home owners see their property as a good investment, according to the latest consumer survey of home buyers and sellers. The study was released here today at the 2010 REALTORS® Conference & …

Continue reading ‘NAR Home Buyer and Seller Survey Shows Value of Long-Term Home Ownership’ »