LPS Reports a Jump in Foreclosure Starts in July

By: Carrie Bay The Mortgage Bankers Association (MBA) offered the industry a ray of hope when it reported Thursday that foreclosure starts were down nearly 10 percent in the second quarter, but the brightness quickly faded when Lender Processing Services (LPS) released its own dataset. MBA’s numbers were based on data through the end of […]

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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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