Skip to main content

LPS: Foreclosures Drop for 13th Consecutive Month

NationalMortgageProfessional.com
Jun 25, 2013

Lender Processing Services Inc. (LPS) has reported the following "first look" at May 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) is currently 6.08 percent. The month-over-month change in delinquency rate is -2.11 percent. The year-over-year change in delinquency rate sits at -12.01 percent. The total U.S. foreclosure pre-sale inventory rate stood at 3.05 percent. The month-over-month change in foreclosure presale inventory rate was -3.91 percent. The year-over-year change in foreclosure presale inventory rate was at -26.98 percent. Number of properties that are 30 or more days past due, but not in foreclosure was at 3,043,000. The number of properties that are 90 or more days delinquent, but not in foreclosure stood at 1,335,000. The number of properties in foreclosure pre-sale inventory hit 1,525,000 in May, while the number of properties that were 30 or more days delinquent or in foreclosure hit 4,569,000 in May. The states with highest percentage of non-current loans in May were Florida, New Jersey, Mississippi, Nevada and New York, while the states with the lowest percentage of non-current loans were Montana, Alaska, Wyoming, South Dakota and North Dakota.
Published
Jun 25, 2013
MBA Swears In New Officers For 2021-22

Kristy Fercho, executive vice president and head of home lending at Wells Fargo, is the new chairman.

Industry News
Oct 18, 2021
Wemlo Introduces Third-Party Processing Solution

Wemlo announced the first third-party mortgage processing solution, Loan Brokering System.

Tech
Oct 18, 2021
Nationwide Mortgage Bankers Names New COO

Nate Hernandez was named chief operating officer for Nationwide Mortgage Bankers.

Industry News
Oct 18, 2021
ICE Unveils Transaction-Based Indices For Residential Mortgage Interest Rates

Intercontinental Exchange Inc. launched its suite of U.S. residential mortgage locked rate indices.

Tech
Oct 18, 2021
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021