Delinquencies Inch Up in May, Foreclosure Inventories Remain Flat: LPS

By: Brittany Dunn The seasonal improvement period for delinquencies and foreclosure inventories has come to a halt, according to an industry report released Thursday by Lender Processing Services (LPS). The Florida-based analytics firm’s monthly Mortgage Monitor report found that the total U.S. delinquency rate jumped to 9.2 percent in May, inching up 2.3 percent from […]

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Delinquencies Improving, but Total Distress Remains Elevated: LPS

By: Carrie Bay The number of unpaid mortgages in the United States declined again in April, but delinquency roll rates remain high, according to an industry report released Monday by Lender Processing Services, Inc. (LPS). The Florida-based analytics firm says that while signs of stabilization in the nation’s mortgage delinquency and foreclosure rates may be […]

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Delinquencies Fall for the First Time in 12 Quarters: TransUnion

After steadily increasing for 12 consecutive quarters, the national mortgage loan delinquency rate—the ratio of borrowers 60 or more days past due on their mortgage—dipped down to 6.77 percent in the first quarter of this year, according to data released Monday by TransUnion. This statistic, which is traditionally seen as a precursor to foreclosure, reflects […]

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