Skip to main content

LPS October Report Finds Rise in Foreclosure Inventories

NationalMortgageProfessional.com
Nov 17, 2010

Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at October month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans. ►Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 9.29 percent. ►Month-over-month change in delinquency rate: 0.1 percent. ►Year-over-year change in delinquency rate: -8.4 percent. ►Total U.S foreclosure pre-sale inventory rate: 3.92 percent. ►Month-over-month change in foreclosure presale inventory rate: 2.1 percent. ►Year-over-year change in foreclosure presale inventory rate: 5.2 percent. ►Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,953,000. ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,238,000. ►Number of properties in foreclosure pre-sale inventory: (B) 2,090,000. ►Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 7,043,000. *States with highest percentage of non-current* loans: FL, NV, MS, GA, LA, NJ. States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND. Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. For more information, visit www.lpsvcs.com.
Published
Nov 17, 2010
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022
Ohio Couple Sues Mr. Cooper Unit Over Loan Modification Denial

Seek class action status over denial of COVID-19

Industry News
Dec 01, 2022
Ready Life Changing The Homebuying Narrative

CEO says that the credit score system is an out-of-date barrier to people of color

Industry News
Nov 30, 2022
Title Business Takes Center Stage

Business turning into a hot topic with proposed changes

Industry News
Nov 30, 2022
Equifax Confirms Credit Report Hike

Costs could go up as much as 400% in some cases, according to NCRA.

Industry News
Nov 29, 2022
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022