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LPS Applied Analytics

Nationwide Delinquency Rate Drops 7.7 Percent in September

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The September Mortgage Monitor report released by Lender Processing Services Inc. (LPS) looked at the significant month-over-month increase in the nation's delinquency rates, up 7.7 percent from August, and representing the largest monthly increase since 2008. While September has historically been marked by seasonal rises in delinquencies, this was still a marked upturn. However, according to LPS Applied Analytics Senior Vice President Herb Blecher, it is important to view the month's data in its proper context.Click to continue

LPS Forms Data Exchange Partnership With RentRange

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Lender Processing Services Inc. (LPS) has announced an agreement with RentRange to offer rental property income data to mortgage servicers, investors and others in need of reliable rental market intelligence to make informed decisions related to distressed housing assets. With many servicers contemplating rental programs for their acquired assets, LPS will now provide RentRange reports to clients seeking accurate rent estimates for these real estate-owned (REO) properties and to investors and others wanting established values for properties based on their rental income potential.Click to continue

LPS: Home Prices Have Risen 2.5 Percent in 2012

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Lender Processing Services Inc. (LPS) has announced that its LPS Applied Analytics division updated its home price index (LPS HPI) with residential sales concluded during April 2012. “Home prices have risen 2.5 percent so far this year, indicating an exceptionally strong spring,” said Raj Dosaj, vice president of LPS Applied Analytics. “While prices typically see a boost in the spring, the magnitude and speed of this increase and its consistency across the nation have not been seen since October 2005.”Click to continue

Foreclosure Inventory Nationwide Remains Near All-Time High Levels

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The May Mortgage Monitor Report released by Lender Processing Services Inc. (LPS) shows that the nation's foreclosure inventory remains near all-time highs, with 4.12 percent of all active mortgages in the foreclosure pipeline in addition to the 3.2 percent that are 90 days or more delinquent but have not yet begun the foreclosure process. According to LPS Applied Analytics Senior Vice President Herb Blecher, the situation is more nuanced when looking at the breakdown between states that apply judicial versus non-judicial foreclosure processes.Click to continue

FHA Foreclosure Starts See Sharp Rise in April

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The April Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that while overall foreclosure starts were down 2.6 percent in April, FHA foreclosure starts spiked significantly, jumping 73 percent during the month. The rise was driven primarily by defaults in 2008 and 2009 vintage loans, though all FHA vintages saw increases in foreclosure starts in April, despite that fact that the more recent vintage—from 2009 forward—have shown improved relative credit performance.Click to continue

Home Prices Rise in February for Only the Third Time in Five Years

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Lender Processing Services Inc. (LPS) has announced that its LPS Applied Analytics division updated its home price index (LPS HPI) with residential sales concluded during February 2012. "Our HPI shows an increase in seasonally adjusted prices this month for the first time since March 2010, and for only the third time in five years,” said Raj Dosaj, vice president of LPS Applied Analytics. “There have been signs of price declines slowing for a few months now, and our estimates for next month are flat to slightly positive.Click to continue

LPS: Home Prices Now in Sixth Consecutive Month of Decrease

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Lender Processing Services Inc. (LPS), a provider of technology, data and analytics for the mortgage and real estate industries, has announced that its LPS Applied Analytics division updated its home price index (LPS HPI) with residential sales concluded during December 2011. “Following the real estate bubble, the proportion of short sale transactions is much higher than historically observed. Other HPI suppliers have not updated their analyses in the face of increased short-sale transactions.Click to continue

Home Prices Slow Rate of Decline to 0.6 Percent in November

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Lender Processing Services Inc. (LPS) has announced that its LPS Applied Analytics division has updated its home price index (LPS HPI) with residential sales concluded during November 2011. The LPS HPI summarizes home price trends nationwide by tracking sales each month in more than 13,500 ZIP codes. Within each ZIP code, the LPS HPI tracks five price levels from low to high.Click to continue

U.S. Home Prices Declined 0.8 Percent in October

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Lender Processing Services Inc. (LPS) has announced that its LPS Applied Analytics division updated its home price index (LPS HPI) with residential sales concluded during October 2011. The LPS HPI summarizes home price trends nationwide by tracking sales each month in more than 13,500 ZIP codes.Click to continue