Mortgage Delinquencies Pass 10%: LPS

LPS: Loan Deterioration Ratio Tops 3:1 – Lender Processing Services Inc.’s (LPS) November Mortgage Monitor report reveals a nationwide. Thirty-one states now have non-current loan rates (i.e., delinquency plus foreclosure rates) ranging.

For loans in foreclosure, 35 percent have been delinquent for more than two years. LPS’ latest market assessment shows that as of the end of June, 4.1 million loans were either 90-plus days.

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90-day delinquencies drop to 6.3%, good for non-agency REITs. Brent Nyitray, CFA, MBA.. (or LPS) Mortgage Monitor is a monthly report that provides delinquency and foreclosure data.

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A separate settlement over foreclosure delays will result in Bank of America paying $1.3 billion to Fannie Mae, the mortgage company said.. Nationstar had just won the rights to collect payments on a separate $215 billion mortgage portfolio, and Fannie and Freddie. have agreed to pay out billions of dollars in settlements and homeowner.

LPS reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) decreased to 6.20% from 6.41% in July. The normal rate for delinquencies is around 4.5% to 5%. The percent of loans in the foreclosure process declined to 2.66% in August from 2.82% in July. The is the lowest level in 4 1/2 years.

Realpoint says the unpaid balance of delinquent loans could reach $90 billion by Dec. 31. CMBS loans from 2006, 2007 and 2008 have already shot past the 10% mark and. Chase Commercial Mortgage.

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NEW YORK, Jul 16, 2014 (BUSINESS WIRE) — Fitch Ratings has affirmed 11 classes of J.P. morgan chase commercial mortgage Securities Trust, commercial mortgage pass-through certificates. the pool.

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Fitch Rates BCAP 2015-RR5 – The underlying pool has exhibited significant declines in the percentage of loans seriously delinquent. Also. Group 2 represents a 97.18% interest in the WaMu Mortgage Pass-Through Certificates.

The Norris Group Real Estate News Roundup 2/3/10 Today’s News Synopsis: According to the MBA, mortgage application volume increased by 21 percent on a seasonally adjusted basis from last week. Lender Processing Services reports that home delinquency rates increased to 10 percent from November.

Is the FHA about to cut mortgage insurance premiums again? The reduction, which would cut annual mortgage insurance premiums on most FHA loans by a quarter of a percent, was announced last week by the U.S. Department of Housing and Urban Development. The.

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 [stock LPS][/stock], which provides data on.

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LPS Applied Analytics released their November Mortgage Performance data. According to LPS: The average number of days delinquent for loans in foreclosure is a record 499 days ; Over 4.3 million.

The report also pointed to a sharp spike in the mortgage. 10% from the previous month and is at the highest level since February. However, LPS noted that the increase was partly due to seasonal.