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Mortgage Delinquencies Decline but Foreclosures Go Up
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You're Now Reading:
Mortgage Delinquencies Decline but Foreclosures Go Up
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:
Mortgage Delinquencies Decline but Foreclosures Go Up
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February 22, 2012 (Shirley Allen)

Americans did a better job paying their mortgages last month as the number of delinquencies declined from December to January, but more of them saw their homes go into foreclosure according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The total number of loans that were 30 days or more past due, but not yet in foreclosure, fell from 8.15 percent in December to 7.97 percent in January. The delinquency rate was 10.5 percent lower than what it was in January 2011.

The foreclosure inventory increased 1.1 percent in January to a total of 2.084 million properties, up from 2.066 million properties in December, an increase of 22,000 properties. The foreclosure inventory was still 0.1 percent lower than a year ago.

The number of properties in the shadow inventory declined, falling from 1.792 million properties in December to 1.772 million properties in January, a decrease of 20,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 6.167 million in December to 6.082 million in January, a decline of 1.4 percent.

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): 7.97% compared to 8.15% in December 2011

Month-over-month change in delinquency rate: -2.2% compared to 0.0% in December 2011

Year-over-year change in delinquency rate: -10.5% compared to -7.7% in December 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.15% in December 2011

Month-over-month change in foreclosure presale inventory rate: 1.1% compared to -1.3% in December 2011

Year-over-year change in foreclosure presale inventory rate: -0.1% compared to -1.0% in December 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,998,000 compared to 4,101,000 in December 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,772,000 compared to 1,792,000 in December 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,084,000 compared to 2,066,000 in December 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,082,000 compared to 6,167,000 in December 2011

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

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

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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.
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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.
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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
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Tips
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Calculator
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Rates

February 22, 2012 (Shirley Allen)

Americans did a better job paying their mortgages last month as the number of delinquencies declined from December to January, but more of them saw their homes go into foreclosure according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The total number of loans that were 30 days or more past due, but not yet in foreclosure, fell from 8.15 percent in December to 7.97 percent in January. The delinquency rate was 10.5 percent lower than what it was in January 2011.

The foreclosure inventory increased 1.1 percent in January to a total of 2.084 million properties, up from 2.066 million properties in December, an increase of 22,000 properties. The foreclosure inventory was still 0.1 percent lower than a year ago.

The number of properties in the shadow inventory declined, falling from 1.792 million properties in December to 1.772 million properties in January, a decrease of 20,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 6.167 million in December to 6.082 million in January, a decline of 1.4 percent.

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): 7.97% compared to 8.15% in December 2011

Month-over-month change in delinquency rate: -2.2% compared to 0.0% in December 2011

Year-over-year change in delinquency rate: -10.5% compared to -7.7% in December 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.15% in December 2011

Month-over-month change in foreclosure presale inventory rate: 1.1% compared to -1.3% in December 2011

Year-over-year change in foreclosure presale inventory rate: -0.1% compared to -1.0% in December 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,998,000 compared to 4,101,000 in December 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,772,000 compared to 1,792,000 in December 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,084,000 compared to 2,066,000 in December 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,082,000 compared to 6,167,000 in December 2011

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

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

February 22, 2012 (Shirley Allen)

Americans did a better job paying their mortgages last month as the number of delinquencies declined from December to January, but more of them saw their homes go into foreclosure according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The total number of loans that were 30 days or more past due, but not yet in foreclosure, fell from 8.15 percent in December to 7.97 percent in January. The delinquency rate was 10.5 percent lower than what it was in January 2011.

The foreclosure inventory increased 1.1 percent in January to a total of 2.084 million properties, up from 2.066 million properties in December, an increase of 22,000 properties. The foreclosure inventory was still 0.1 percent lower than a year ago.

The number of properties in the shadow inventory declined, falling from 1.792 million properties in December to 1.772 million properties in January, a decrease of 20,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 6.167 million in December to 6.082 million in January, a decline of 1.4 percent.

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): 7.97% compared to 8.15% in December 2011

Month-over-month change in delinquency rate: -2.2% compared to 0.0% in December 2011

Year-over-year change in delinquency rate: -10.5% compared to -7.7% in December 2011

Total U.S foreclosure pre-sale inventory rate: 4.11% compared to 4.15% in December 2011

Month-over-month change in foreclosure presale inventory rate: 1.1% compared to -1.3% in December 2011

Year-over-year change in foreclosure presale inventory rate: -0.1% compared to -1.0% in December 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,998,000 compared to 4,101,000 in December 2011

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,772,000 compared to 1,792,000 in December 2011

Number of properties in foreclosure pre-sale inventory: (B) 2,084,000 compared to 2,066,000 in December 2011

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,082,000 compared to 6,167,000 in December 2011

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

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