LPS Releases Mortgage Monitor Report; Delinquencies Growing
LPS Releases Mortgage Monitor Report; Delinquencies Growing
LPS Releases Mortgage Monitor Report; Delinquencies Growing
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March 3, 2011 (Shirley Allen)
mortgage-statement-image
Lender Processing Services (LPS) released its January Mortgage Monitor Report which shows that while foreclosure starts decreased in the first month of 2011, they still outnumber foreclosure sales by almost three to one. At the end of January, foreclosure inventories stood at more than eight times historical averages.

The report also revealed that repeat foreclosures, loans that had been previously in foreclosure then brought current, and then falling back into foreclosure, now account for more than 35 percent of foreclosure starts.

Data in the January report also showed that the foreclosure process continues to drag out as the timelines for foreclosure starts, days in inventory and sales all continue to extend.

Serious delinquencies continue to rise as well.

Deterioration in the 90+-day’s delinquent category increased last month, for the first time since May 2010. The 90+ category has grown overall, with the largest increase in the 12+-month category as loans were removed from foreclosure.

As of January 31, 2011, there are now more than 2.2 million loans 90 days or more delinquent but not yet in foreclosure, with more than 6.9 million loans in some stage of delinquency or foreclosure.

As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:

Total U.S. loan delinquency rate: 8.9 percent
Total U.S. foreclosure inventory rate: 4.16 percent
Total U.S. non-current* loan rate: 13.1 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: Montana, Wyoming, Alaska, South Dakota, North Dakota
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets and are extrapolated to represent the industry.

Tags: Lender Processing Services, LPS, Mortgage Monitor Report, foreclosure inventories, repeat foreclosures, non-current loans

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Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

March 3, 2011 (Shirley Allen)
mortgage-statement-image
Lender Processing Services (LPS) released its January Mortgage Monitor Report which shows that while foreclosure starts decreased in the first month of 2011, they still outnumber foreclosure sales by almost three to one. At the end of January, foreclosure inventories stood at more than eight times historical averages.

The report also revealed that repeat foreclosures, loans that had been previously in foreclosure then brought current, and then falling back into foreclosure, now account for more than 35 percent of foreclosure starts.

Data in the January report also showed that the foreclosure process continues to drag out as the timelines for foreclosure starts, days in inventory and sales all continue to extend.

Serious delinquencies continue to rise as well.

Deterioration in the 90+-day’s delinquent category increased last month, for the first time since May 2010. The 90+ category has grown overall, with the largest increase in the 12+-month category as loans were removed from foreclosure.

As of January 31, 2011, there are now more than 2.2 million loans 90 days or more delinquent but not yet in foreclosure, with more than 6.9 million loans in some stage of delinquency or foreclosure.

As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:

Total U.S. loan delinquency rate: 8.9 percent
Total U.S. foreclosure inventory rate: 4.16 percent
Total U.S. non-current* loan rate: 13.1 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: Montana, Wyoming, Alaska, South Dakota, North Dakota
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets and are extrapolated to represent the industry.

Tags: Lender Processing Services, LPS, Mortgage Monitor Report, foreclosure inventories, repeat foreclosures, non-current loans

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

March 3, 2011 (Shirley Allen)
mortgage-statement-image
Lender Processing Services (LPS) released its January Mortgage Monitor Report which shows that while foreclosure starts decreased in the first month of 2011, they still outnumber foreclosure sales by almost three to one. At the end of January, foreclosure inventories stood at more than eight times historical averages.

The report also revealed that repeat foreclosures, loans that had been previously in foreclosure then brought current, and then falling back into foreclosure, now account for more than 35 percent of foreclosure starts.

Data in the January report also showed that the foreclosure process continues to drag out as the timelines for foreclosure starts, days in inventory and sales all continue to extend.

Serious delinquencies continue to rise as well.

Deterioration in the 90+-day’s delinquent category increased last month, for the first time since May 2010. The 90+ category has grown overall, with the largest increase in the 12+-month category as loans were removed from foreclosure.

As of January 31, 2011, there are now more than 2.2 million loans 90 days or more delinquent but not yet in foreclosure, with more than 6.9 million loans in some stage of delinquency or foreclosure.

As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:

Total U.S. loan delinquency rate: 8.9 percent
Total U.S. foreclosure inventory rate: 4.16 percent
Total U.S. non-current* loan rate: 13.1 percent
States with most non-current* loans: Florida, Nevada, Mississippi, Georgia, New Jersey
States with fewest non-current* loans: Montana, Wyoming, Alaska, South Dakota, North Dakota
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets and are extrapolated to represent the industry.

Tags: Lender Processing Services, LPS, Mortgage Monitor Report, foreclosure inventories, repeat foreclosures, non-current loans

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.