Mortgage Delinquencies Pass 10%: LPS

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.

LPS reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) decreased to 6.87% from 7.03% in July. The percent of delinquent loans is still significantly above the normal rate of around 4.5% to 5%. The percent of delinquent loans peaked at 10.57%, so delinquencies have fallen over half way back to.

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LPS’ November First Look Mortgage Report: Delinquencies increase, still down 10% YTD; New Jersey overtakes Florida in non-current loans.

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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.

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Delinquent or in Foreclosure, 9/2007 to 3/2009 Increase of 0-10% Increase of 10-25% 31% 37% Increase of 25-50% Increase of 50-75% Greater than 75% increase data source: lps Applied Analytics Free Consultation – Call (601) 500-5533 – The Rollins Law Firm is dedicated to providing our clients with a range of legal services in Chapter 13 Bankruptcy and chapter 7 bankruptcy cases.

 · "Eight of the 10 regions with the lowest mortgage delinquency rates in November 2017 were in NSW and seven of these were in Sydney," the report noted.. if the Moody’s predictions come to pass.

Delinquency rates in the U.S. have now surpassed 10%, according to Lender Processing Services Inc.’s (LPS) January 2010 Mortgage Monitory report. Factoring in foreclosures in process, according to the data in LPS’ database, the total non-current rate sits at 13.3%.

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.

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The short version is that lenders originating less than 3,500 loans are required to do a monthly, 10% sample. If you originate over that. the loan is considered delinquent. If the delinquency.