Mortgage Delinquencies Pass 10%: LPS. 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. which provides data on mortgage performance. Accounting for foreclosures in the pipeline, the total non-current rate stands at 13.3%..
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Lender Processing Services has released preliminary data from its monthly report on mortgage performance. was derived from LPS’s loan-level database representing approximately 70 percent of the.
LPS released their Mortgage Monitor report for May today. According to LPS, 6.08% of mortgages were delinquent in May, down from 6.21% in.
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From Jon Prior at HousingWire: Mortgage Delinquencies Pass 10%: LPS 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. which provides data on mortgage performance.
Borrowers who default on mortgages return to the mortgage market at extremely slow rates. Only about 10% of borrowers with a prior serious delinquency regain access to the mortgage market within 10 years of their default. Borrowers who terminate mortgages for reasons other than default return to the market about two-and-a-half times faster than those who default.
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.
Housing Wire – "LPS: US loan delinquency rate edges up 2.63%" (12-23-13) "The U.S. loan delinquency rate edged up a bit in November, but has been on the decline for most of the year, with delinquencies down more than 10% year-to-date, Lender Processing Services (LPS) said."
Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.45% Month-over-month change in delinquency rate 2.63% Year-over-year change in delinquency rate: -9.41%.
Mortgage lending services provider lender processing services Inc. (LPS. of August. Delinquencies and foreclosures continue falling, and there is a possibility that home equity borrowing may pick.