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 | Dennis Norman A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of August 2010 shows that mortgage delinquencies continue to decline however are still at very high levels versus historical norms. At the same time however,foreclosure starts continue to accelerate. [...] Dennis Norman A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of July 2010 shows that mortgage delinquencies continue to decline however are still at very high levels versus historical norms. At the same time however,foreclosure starts have increased to the fourth highest level on record. [...] Dennis Norman A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of June 2010 shows some encouraging news;there are signs that the foreclosure and mortgage delinquency rates are stabilizing,albeit at very elevated levels. [...] Dennis Norman Homeowners’mortgage delinquency rates increased in May 2.3 percent from April rising to 9.2 percent of all mortgages being delinquent. This information comes from a report issued by LPS Applied Analytics,one of the largest mortgage servicers in the U.S. According to the report there are,as of May 31,2010,7.3 [...] 1st Quarter Delinquencies;Up? Down? He said –She Said… If you frequent this site,then you may recall that a little over a week ago (May 10th to be exact) I wrote a post that said the delinquency rate for homeowners mortgages had dropped in the first quarter of this year,the first [...] Dennis Norman Consistent with the report on mortgage delinquencies from LPS that I wrote about last week,today TransUnion released it’s report on mortgage delinquencies showing they fell 1.74 percent in the first quarter of this year,which is the first quarterly decline since 2006. This is good news,however,not to rain on [...]
Dennis Norman A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of March 2010 shows that,while foreclosure and mortgage delinquency rates are still near record levels,the pace may be slowing with fewer new loans becoming delinquent and an increase in the number of people bringing [...] Dennis Norman A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of February 2010 has some data that is encouraging but that data is overshadowed by data that shows the problems int he U.S. housing market are far from over. Let’s start with the good news… Delinquencies on [...] Dennis Norman Deceleration in Rise of Mortgage Delinquencies Short Lived Back in July,2009 when speaking in North Carolina President Barack Obama announced “we may be seeing the beginning of the end of the recession“. My thoughts then were that was very optimistic and I didn’t agree (for whatever that is worth). Since then some [...] Dennis Norman The foreclosure rate in the U.S. for the month of November,2009 was 3.09 percent,a 77.6 percent increase from November,2008 when the rate was 1.74 percent according to a report by First American CoreLogic. In addition,the report showed that the number of borrowers that are seriously delinquent on their [...] Loose lending standards in government-backed mortgages is setting up the next wave of defaults and sharp declines in housing prices. Charles Hugh Smith,Of Two Minds Beneath the hype that housing has bottomed is an ugly little scenario:lending standards are still loose and the low-down payment,high-risk loans being guaranteed by government [...] By:Dennis Norman
The Office of the Comptroller of the Currency and the Office of Thrift Supervision issed a report on mortgage performance which showed an increase in delinquencies,foreclosures in process,and other actions leading to home forfeiture but offered a little ray of light with a drop in “newly initiated”foreclosures by [...] | ||||
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