According to Lender Processing Service’s First Look mortgage report, which covers approximately 70% of the Unites States mortgage market, foreclosures and mortgage delinquencies have dropped considerably across the U.S. The loan delinquency rate averaged 6.20% last month, down 3.31% from July, and down 10% from August 2012. Foreclosure rates have also dropped 34% year-over year, ... MORE
Theresa Springer’s Blog
The U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury’s July Housing Scorecard collects key data on the housing market and the administration’s foreclosure prevention programs. The report shows home prices improving, though under continued strain from foreclosures and distressed property sales. But, according to the scorecard, fewer homeowners fell ... MORE
Seriously delinquent mortgages, which include those that are 90 days overdue or in foreclosure, fell nearly 11 percent from a year ago, according to Lender Processing Services’ Mortgage Monitor report. Foreclosure starts fell 31 percent in April and were down 14.7 percent from last year. And though the foreclosure and seriously delinquent inventory remains bloated, ... MORE
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