LPS: Mortgage delinquencies down 10%
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The latest data from Lender Processing Services Inc. (NYSE: LPS. and that mortgages in foreclosure have fallen from 4.12% to 3.05%. A total of 4.469 million mortgages – 9.13% – are now delinquent.
The U.S. mortgage delinquency rate increased slightly. 19.52% compared with the previous month and down 13.49% compared with February 2018. The monthly prepayment rate was 0.66%. That’s an increase.
· LPS reported that 3,111,000, or 6.21% of home mortgages, were more than 30 days delinquent but not foreclosure in April, down from a delinquency rate of 6.59% in March. Of those, 1,717,000 homes were more than 30 and less than 90 days past due, and 1,394,000 mortgages were more than 90 days delinquent.
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LPS’ November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD; New Jersey Overtakes Florida in Non-Current Loans 12/19/13 Lender Processing Services, Inc. Stockholders Approve Acquisition by Fidelity National Financial, Inc.
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The November Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows that while mortgage delinquencies at the end of.
Mortgage delinquencies are falling in general as home prices rise and the foreclosure pipeline clears. While 6.45% seems low compared to the peak of 10%, the "normal" level prior to the.
the worst performance seen in the qualified-mortgage universe was a delinquency rate of 6.3%, for loans with 5% or more in downpayment. The truth is that loans with 5-10% down in 2007 saw a.
LPS’ November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD; New Jersey Overtakes Florida in Non-Current Loans News provided by Lender Processing Services, Inc.
· Press Release LPS’ November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD; New Jersey Overtakes Florida in Non-Current Loans
In contrast to the MBA survey, which showed delinquencies down to 6.96%, the June Mortgage Monitor (pdf) from Lender Processing Services (LPS) showed that new mortgage delinquencies spiked up 18.3% in June, after declining 5 months in row, raising their national mortgage delinquency rate to 6.68% from the mortgage crisis low of 6.08% in May..
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