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Delinquency Rates and Foreclosure Inventory Decreases in May
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You're Now Reading:
Delinquency Rates and Foreclosure Inventory Decreases in May
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Delinquency Rates and Foreclosure Inventory Decreases in May
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About Mortgages
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Mortgage Rates

June 22, 2011 (Shirley Allen)

Mortgage delinquency rates and foreclosure inventories continued to show signs of stabilization in May as both categories experienced slight declines from April to May according to the latest “First Look” Mortgage Report released by Lender Processing Service (LPS), which is derived from its loan-level database of nearly 40 million loans.

The total number of loans that are 30 days or more past due, but not yet in foreclosure, fell from 7.98 percent in April to 7.96 percent in May, a decline of 0.1 percent. However, compared to May of 2010, the decline was significant, with a year-over-year decline of 18.3 percent.

The number of properties in foreclosure also decreased from 2,184,000 in April to 2,164,000 in May.

The “First Look” report contains highlights of the company’s forthcoming Mortgage Monitor report which will provide a more in-depth review including an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations.

Early highlights of the report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.96% compared to 7.98% in April 2011

Month-over-month change in delinquency rate: -0.1% compared to 2.4% in April 2011

Year-over-year change in delinquency rate: -18.3% compared to -16.3% in April 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.14% in April 2011

Month-over-month change in foreclosure presale inventory rate: -0.7% compared to -1.6% in April 2011

Year-over-year change in foreclosure presale inventory rate: 12.3% compared to 12.7% in April 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,187,000 compared to 4,204,000 in April 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,921,000 compared to 1,961,000 in April 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,164,000 compared to 2,184,000 in April 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,350,000 compared to 6,388,000 in April 2011

States with highest percentage of non-current* loans: FL, NV, MS, NJ, IL (FL, NV, MS, NJ, GA in April 2011)

States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND (MT, WY, AK, SD, ND in April 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
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Tips
Home Selling
Tips
About
Mortgages
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Calculator
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Rates

June 22, 2011 (Shirley Allen)

Mortgage delinquency rates and foreclosure inventories continued to show signs of stabilization in May as both categories experienced slight declines from April to May according to the latest “First Look” Mortgage Report released by Lender Processing Service (LPS), which is derived from its loan-level database of nearly 40 million loans.

The total number of loans that are 30 days or more past due, but not yet in foreclosure, fell from 7.98 percent in April to 7.96 percent in May, a decline of 0.1 percent. However, compared to May of 2010, the decline was significant, with a year-over-year decline of 18.3 percent.

The number of properties in foreclosure also decreased from 2,184,000 in April to 2,164,000 in May.

The “First Look” report contains highlights of the company’s forthcoming Mortgage Monitor report which will provide a more in-depth review including an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations.

Early highlights of the report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.96% compared to 7.98% in April 2011

Month-over-month change in delinquency rate: -0.1% compared to 2.4% in April 2011

Year-over-year change in delinquency rate: -18.3% compared to -16.3% in April 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.14% in April 2011

Month-over-month change in foreclosure presale inventory rate: -0.7% compared to -1.6% in April 2011

Year-over-year change in foreclosure presale inventory rate: 12.3% compared to 12.7% in April 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,187,000 compared to 4,204,000 in April 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,921,000 compared to 1,961,000 in April 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,164,000 compared to 2,184,000 in April 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,350,000 compared to 6,388,000 in April 2011

States with highest percentage of non-current* loans: FL, NV, MS, NJ, IL (FL, NV, MS, NJ, GA in April 2011)

States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND (MT, WY, AK, SD, ND in April 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

June 22, 2011 (Shirley Allen)

Mortgage delinquency rates and foreclosure inventories continued to show signs of stabilization in May as both categories experienced slight declines from April to May according to the latest “First Look” Mortgage Report released by Lender Processing Service (LPS), which is derived from its loan-level database of nearly 40 million loans.

The total number of loans that are 30 days or more past due, but not yet in foreclosure, fell from 7.98 percent in April to 7.96 percent in May, a decline of 0.1 percent. However, compared to May of 2010, the decline was significant, with a year-over-year decline of 18.3 percent.

The number of properties in foreclosure also decreased from 2,184,000 in April to 2,164,000 in May.

The “First Look” report contains highlights of the company’s forthcoming Mortgage Monitor report which will provide a more in-depth review including an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations.

Early highlights of the report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.96% compared to 7.98% in April 2011

Month-over-month change in delinquency rate: -0.1% compared to 2.4% in April 2011

Year-over-year change in delinquency rate: -18.3% compared to -16.3% in April 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.14% in April 2011

Month-over-month change in foreclosure presale inventory rate: -0.7% compared to -1.6% in April 2011

Year-over-year change in foreclosure presale inventory rate: 12.3% compared to 12.7% in April 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,187,000 compared to 4,204,000 in April 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,921,000 compared to 1,961,000 in April 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,164,000 compared to 2,184,000 in April 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,350,000 compared to 6,388,000 in April 2011

States with highest percentage of non-current* loans: FL, NV, MS, NJ, IL (FL, NV, MS, NJ, GA in April 2011)

States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND (MT, WY, AK, SD, ND in April 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.