Mortgage delinquencies and foreclosures continue to plummet across the nation, with the U.S. loan delinquency rate hitting 6.20% in August, down 10% from last year and 3.31% from a month earlier.
LPS reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) decreased to 6.20% from 6.41% in July. The normal rate for delinquencies is around 4.5% to 5%. The percent of loans in the foreclosure process declined to 2.66% in August from 2.82% in July.
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From Jon Prior at HousingWire: mortgage delinquencies pass 10%: lps Home-loan delinquency rates in the US reached 10% in December, up from the record-high 9.97% in November, according to Lender Processing Services. which provides data on mortgage performance.
Mortgage Delinquencies Pass 10%: LPS. Home-loan delinquency rates in the US reached 10% in December, up from the record-high 9.97% in November, according to Lender Processing Services. which provides data on mortgage performance. Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%..
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According to the Fed report, mortgage underwriting “remained tight” in the second quarter, with only 10% of mortgages. mortgage delinquencies continue to improve, with 0.9% of mortgage balances.
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Mortgage delinquencies decline. In 2013 Mortgage delinquencies declined 10% on a year-over-year basis despite a slight uptick in December. (According to Black Knight Financial Services’ Mortgage Monitor data). But, they are varying widely by state.
LPS’ latest market assessment shows that as of the end of June, 4.1 million loans were either 90-plus days delinquent or in foreclosure. That’s nearly 13 percent more than in June 2010.
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10% 90+ day delinquency rates mortgage high energy mortgage U.S. average Auto high energy Auto U.S. average Percent of Balance. o LPS (McDash) – owner-occupancy fraud (Elul, tilson 2015). 12 – Van der Klaau FRBMinn.pptx. LPS also notes that the mortgage delinquency rate is down 8.35% from January of last year.
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..
LPS: Mortgage delinquencies down 10% (JACKSONVILLE, FL) – According to the latest january 2010 Mortgage Monitor [.] Posted on . Fannie Mae to Charge Strategic Defaulters, for Everything. By. Jimmie Lomas. Posted in. Mortgage Brokers.