twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

2 Months of Delinquency Improvement

30-day default rate 11.99% in March

April 20, 2011

By staff

Consecutive monthly improvements in home-loan defaults have recently been reported by three data sources. The latest findings have delinquency lower for two months in a row.

Lender Processing Services Inc. reported that 30-day delinquency was 11.99 percent last month. The rate was based on 6.3 million delinquent mortgages.

The findings were derived from LPS' database of 40 million mortgages. The Jacksonville, Fla.-based service provider noted that based on dollar volume, around half of all U.S. mortgages are serviced using its mortgage servicing package.

Defaults improved from 12.05 percent previously reported for February -- when delinquency also was also down.

The improvement bled over into the year-over-year performance; LPS reported that late payments were 13.24 percent in March 2010.

LPS isn't the only data source reporting recent delinquency improvement.

The S&P/Experian Consumer Credit Default Indices indicated that first-mortgage delinquency was lower for the fourth consecutive month in March at 2.33 percent, while Freddie Mac reported that 90-day delinquency on the residential portion of its $2.2 trillion total mortgage portfolio was down for the third consecutive month in February at 3.78 percent.

Last month's LPS rate, excluding foreclosures, reflected a 7.78 percent 30-day rate. The foreclosure rate was 4.21 percent.

The states with the worst delinquency rates were the same as the previous month: Florida, Nevada, Mississippi, New Jersey and Georgia.

The lowest default rates could be found in Montana, Wyoming, Alaska, South Dakota and North Dakota -- also unchanged from February.

next story

back to current headlines

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders