Tag Archive | “LPS”
New Delinquencies Continue to Fall, But So Do Foreclosure Sales
New delinquencies and foreclosure starts continued to fall in January, but increases in foreclosure processing and sales were not enough to offset swelling foreclosure inventories or lengthening foreclosure timelines. In fact, the average loan in foreclosure has not made a payment in over 500 days, according to Lender Processor Services’ February Mortgage Monitor report.
Continue reading…Delinquency Rates Dip Downward Again
Friday, February 18, 2011
Delinquency rates (on mortgages 30 or more days past due, but not in foreclosure) have been the brightest light in the gloomy foreclosure picture over the past year. Two new reports confirm that delinquencies are falling to pre-recession levels, a sign that the economy is steadily improving and the end of the foreclosure plague may be in sight.
Continue reading…Foreclosure Inventories are 7.8 Times above Normal and Rising
Tuesday, February 8, 2011
A report by Lender Processing Services today confirms Fitch Ratings’ analysis yesterday that the volume of defaulted loans moving to REO status has fallen to a trickle as a consequence of the Robo-gate scandal, contributing to a backlog of foreclosures that threatens to reverse the overall decrease in foreclosure inventory caused by the steady decline in new delinquencies last year.
Continue reading…Though Foreclosures Rise, Delinquencies Wane
Friday, September 24, 2010
While foreclosure starts remain high, the longer term foreclosure picture is improving as evidence mounts that delinquencies, though still very high, are declining, despite the economy.
Continue reading…
Wednesday, March 2, 2011
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