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More Borrowers Fall Behind on Their Mortgages in November
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You're Now Reading:
More Borrowers Fall Behind on Their Mortgages in November
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:
More Borrowers Fall Behind on Their Mortgages in November
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January 9, 2013 (Shirley Allen)

Mortgage delinquencies increased by 1.19 percent in November after falling by 4.91 percent in October but are still 9.06 percent below last year’s pace according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The percentage of loans that were 30 days or more past due, but not yet in foreclosure, increased from 7.03 percent in October to 7.12 percent in November as nearly 83,000 more homeowner’s found themselves in trouble during the month.

The foreclosure inventory still continued to decrease in November, falling to a total of 1.767 million properties, down from 1.800 million properties in October, a decline of 13,000 properties. The foreclosure inventory was 16.42 percent lower than a year ago.

The number of properties in the shadow inventory increased again in November, climbing from 1.543 million properties in October to 1.583 million properties in November, a gain of 40,000 properties.

In all, the total number of properties that were either delinquent or in some stage of foreclosure increased from 5.300 million in October to 5.350 million in November.

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): 7.12% compared to 7.03% in October 2012

Month-over-month change in delinquency rate: 1.19% compared to -4.91% in October 2012

Year-over-year change in delinquency rate: -9.06% compared to -7.19% in October 2012

Total U.S foreclosure pre-sale inventory rate: 3.51% compared to 3.61% in October 2012

Month-over-month change in foreclosure presale inventory rate: -2.84% compared to –6.77% in October 2012

Year-over-year change in foreclosure presale inventory rate: -16.42% compared to –15.99% in October 2012

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,583,000 compared to 3,500,000 in October 2012

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,584,000 compared to 1,543,000 in October 2012

Number of properties in foreclosure pre-sale inventory: (B) 1,767,000 compared to 1,800,000 in October 2012

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,350,000 compared to 5,300,000 in October 2012

States with highest percentage of non-current* loans: FL, NJ, MS, NV, NY (FL, MS, NJ, NV, NY in October 2012)

States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND (MT, AK, SD, WY, ND in October 2012)

*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

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January 9, 2013 (Shirley Allen)

Mortgage delinquencies increased by 1.19 percent in November after falling by 4.91 percent in October but are still 9.06 percent below last year’s pace according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The percentage of loans that were 30 days or more past due, but not yet in foreclosure, increased from 7.03 percent in October to 7.12 percent in November as nearly 83,000 more homeowner’s found themselves in trouble during the month.

The foreclosure inventory still continued to decrease in November, falling to a total of 1.767 million properties, down from 1.800 million properties in October, a decline of 13,000 properties. The foreclosure inventory was 16.42 percent lower than a year ago.

The number of properties in the shadow inventory increased again in November, climbing from 1.543 million properties in October to 1.583 million properties in November, a gain of 40,000 properties.

In all, the total number of properties that were either delinquent or in some stage of foreclosure increased from 5.300 million in October to 5.350 million in November.

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): 7.12% compared to 7.03% in October 2012

Month-over-month change in delinquency rate: 1.19% compared to -4.91% in October 2012

Year-over-year change in delinquency rate: -9.06% compared to -7.19% in October 2012

Total U.S foreclosure pre-sale inventory rate: 3.51% compared to 3.61% in October 2012

Month-over-month change in foreclosure presale inventory rate: -2.84% compared to –6.77% in October 2012

Year-over-year change in foreclosure presale inventory rate: -16.42% compared to –15.99% in October 2012

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,583,000 compared to 3,500,000 in October 2012

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,584,000 compared to 1,543,000 in October 2012

Number of properties in foreclosure pre-sale inventory: (B) 1,767,000 compared to 1,800,000 in October 2012

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,350,000 compared to 5,300,000 in October 2012

States with highest percentage of non-current* loans: FL, NJ, MS, NV, NY (FL, MS, NJ, NV, NY in October 2012)

States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND (MT, AK, SD, WY, ND in October 2012)

*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
LOANRATEUPDATE
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 LoanRateUpdate. 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
LOANRATEUPDATE
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.

January 9, 2013 (Shirley Allen)

Mortgage delinquencies increased by 1.19 percent in November after falling by 4.91 percent in October but are still 9.06 percent below last year’s pace according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The percentage of loans that were 30 days or more past due, but not yet in foreclosure, increased from 7.03 percent in October to 7.12 percent in November as nearly 83,000 more homeowner’s found themselves in trouble during the month.

The foreclosure inventory still continued to decrease in November, falling to a total of 1.767 million properties, down from 1.800 million properties in October, a decline of 13,000 properties. The foreclosure inventory was 16.42 percent lower than a year ago.

The number of properties in the shadow inventory increased again in November, climbing from 1.543 million properties in October to 1.583 million properties in November, a gain of 40,000 properties.

In all, the total number of properties that were either delinquent or in some stage of foreclosure increased from 5.300 million in October to 5.350 million in November.

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): 7.12% compared to 7.03% in October 2012

Month-over-month change in delinquency rate: 1.19% compared to -4.91% in October 2012

Year-over-year change in delinquency rate: -9.06% compared to -7.19% in October 2012

Total U.S foreclosure pre-sale inventory rate: 3.51% compared to 3.61% in October 2012

Month-over-month change in foreclosure presale inventory rate: -2.84% compared to –6.77% in October 2012

Year-over-year change in foreclosure presale inventory rate: -16.42% compared to –15.99% in October 2012

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,583,000 compared to 3,500,000 in October 2012

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,584,000 compared to 1,543,000 in October 2012

Number of properties in foreclosure pre-sale inventory: (B) 1,767,000 compared to 1,800,000 in October 2012

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,350,000 compared to 5,300,000 in October 2012

States with highest percentage of non-current* loans: FL, NJ, MS, NV, NY (FL, MS, NJ, NV, NY in October 2012)

States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND (MT, AK, SD, WY, ND in October 2012)

*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
LOANRATEUPDATE
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 LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATEUPDATE
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.