Mortgage Delinquencies Pass 10%: LPS

LPS reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) increased to 6.46% from 6.20% in August. The normal rate for delinquencies is around 4.5% to 5%. The percent of loans in the foreclosure process declined to 2.63% in September from 2.66% in.

Press Release LPS’ November "First Look" Mortgage Report: Delinquencies Increase, Still Down 10% YTD; New Jersey Overtakes Florida in Non-Current Loans

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Residential Mortgage Delinquency Rate Surpasses 10%: LPS Home loan delinquency rates in the United States have now surpassed 10 percent, Lender Processing Services (LPS) reported this week. When you factor in homes already in the foreclosure process, the total rate of noncurrent mortgages sits at 13.3 percent, according to the company’s national loan-level database.

Mortgage delinquencies pass 10%: lps Viewpoint: Bernanke Admits Misjudging Mortgage Crisis. The Federal Housing Administration (FHA), a Federal agency within the Department of Housing and Urban Development (HUD), is one important provider of mortgage insurance.

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. Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%..

The Consumer Financial Protection Bureau and VA are issuing their first, Warning Order’, to service members and Veterans with VA home loans. If you have a VA home loan, then there is a good chance that you have already come into contact with unsolicited offers to refinance your mortgage that appear official and may sound too good to be true.

June’s nearly 10% spike in the national delinquency rate is nothing unusual, according to analytics firm Lender Processing Services. The company’s Mortgage Monitor report showed about 700,000 newly 30-day delinquent loans in June, but LPS Applied Analytics Senior Vice President Herb Blecher said the delinquency spike is par for the course.

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LPS Applied Analytics released their November Mortgage Performance. 9.02% of mortgages are delinquent (down from 9.29% in October), and another 4.08% are in the foreclosure process (up from 3.92%.