Lender Processing Services recently previewed its latest Mortgage Monitor, revealing that, at the end of July, more than 4.5 million mortgages were still distressed (some more distressed than others). This indicates a massive reduction in pre-sale foreclosure inventory, also known as “shadow inventory.” The pre-sale inventory between June and July was down 2.82% to a […]
According to Lender Processing Service’s “Mortgage Monitor,” more than 3.1 million, or 6.21% of home mortgages, were more than 30 days delinquent but were not foreclosed in the month of April. This is a slight decrease from the 6.59% delinquency rate in March, in which over 1.7 million homes were more than 30 days, but […]
The Wall Street Journal reported today that the percentage of U.S. consumers who are delinquent on their mortgages could be less than 5% by the end of 2011. The delinquency rate is expected to be above 6% by the end of this year. TransUnion LLC predicts that mortgage delinquencies will decline to 4.98% by the […]