Tag Archive | "LPS"
Positive Equity is Driving Down Defaults
Homeowners with positive equity in their homes have fewer problem loans and are outperforming the national average for defaults. Their default rates are close to pre-crisis norms.
Continue reading...Nothing to Fear from Zombie Houses
Tuesday, April 2, 2013
Are zombie houses where the monsters live in the latest Resident Evil sequel? Or are they fraternities decked out for Halloween? Neither.
Continue reading...State Laws will Extend Foreclosure Pain by 30 Months or More
Thursday, March 7, 2013
The 23 states that require court orders to foreclose and other states that have enacted legislation that delays foreclosure processing will take twice as long as the rest of the nation to clear backlogged foreclosure inventories at their current rate.
Continue reading...Foreclosure Hot Spots are Far from Healed
Monday, January 28, 2013
Data reports showing prices zooming in Florida and California markets that once led the foreclosure hit parade mask the reality that prices fell so far in some of those metros they still have a long way to go to reach their peaks in 2007-if they ever do so.
Continue reading...Short Sales Overtook REO Sales in Q3
Thursday, December 6, 2012
For the first time ever, sales of properties in some stage of foreclosure (largely short sales) outnumbered sales of bank-owned properties (REO) in the third quarter, as short sales continue to gain market share at the expense of REO and sales of completed foreclosures at auction.
Continue reading...Rising Values Free 1.3 Million Homeowners
Wednesday, September 12, 2012
CoreLogic today released a new analysis showing that 10.8 million, or 22.3 percent, of all residential properties with a mortgage were in negative equity at the end of the second quarter of 2012. This is down from 11.4 million properties, or 23.7 percent, at the end of the first quarter of 2012. An additional 2.3 million borrowers possessed less than 5 percent equity in their home, referred to as near-negative equity, at the end of the second quarter.
Continue reading...Two-time Losers Flood Foreclosure Inventory
Friday, December 2, 2011
Nearly half, 45 percent, of October foreclosure starts were redefaults-mortgages which had previously defaulted and were modified unsuccessfully either by the lender or the federal government. About 105,000 redefaults increased total foreclosure starts in October to 232,865, 11.5 percent more than the level of a year ago.
Continue reading...Delinquencies Fell Faster in January
Monday, March 21, 2011
The delinquency rate on mortgages 30 days or more past due fell by more last month than it has in nearly a year, according to Lender Processor Services' Mortgage Monitor report to be released later this week.
Continue reading...New Delinquencies Continue to Fall, But So Do Foreclosure Sales
Wednesday, March 2, 2011
New delinquencies and foreclosure starts continued to fall in January, but increases in foreclosure processing and sales were not enough to offset swelling foreclosure inventories or lengthening foreclosure timelines. In fact, the average loan in foreclosure has not made a payment in over 500 days, according to Lender Processor Services' February Mortgage Monitor report.
Continue reading...Delinquency Rates Dip Downward Again
Friday, February 18, 2011
Delinquency rates (on mortgages 30 or more days past due, but not in foreclosure) have been the brightest light in the gloomy foreclosure picture over the past year. Two new reports confirm that delinquencies are falling to pre-recession levels, a sign that the economy is steadily improving and the end of the foreclosure plague may be in sight.
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Get this widget See local rates - Rising Values Push Nearly One Million Homeowners Above Water
- Buyer Satisfaction with Real Estate Brokerages Hits All-Time Low
- Frozen Foreclosures Frustrate Buyers
- One Homeowner Out of Eight Undervalues Their Home
- Rachael Fernandes: Obviously specially online industry have boomed en...
- Daniel T: These issues are sensitive enough without unqualif...
- Jan: Bet that makes you happy. I'm looking for the "rig...
- Kos: o/c they're dragging their heels; especially on th...
- Is Investing in Housing a Losing Proposition?
- Mortgage Originations Fell 6.2 Percent in Q1
- Built-for-Rent now Five Percent of New Home Construction
- List Prices Flatten Despite Sinking Inventory
Monday, May 6, 2013
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