twitter linkedin
facebook google+
Search:

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to MortgageDaily.com 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 MortgageDaily.com.

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

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

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

Press Releases
Reports and announcements from MortgageDaily.com.

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

production

servicing

compliance

legal

fraud

secondary

jobs

appraisal

site map

www.loan-academy.com/
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.


Early Defaults Rise

30-day delinquency 13.06% in January

Feb. 17, 2011

By MortgageDaily.com staff


One-month delinquency on home loans got worse last month even as serious delinquency was less serious.

During January, 30-day delinquency including foreclosures was 13.06 percent, Lender Processing Services Inc. reported Thursday. The rate rose from 12.98 percent the previous month.

LPS said defaults were 15.48 percent in January of last year.

The Jacksonville, Fla.-based firm explained that the findings were extrapolated based on its loan-level database of nearly 40 million mortgages.


Excluding foreclosures, delinquency of at least 30 days rose to 8.90 percent from 8.83 percent in December. The rate was 10.96 percent in January 2010. The number of loans in this category finished January at 4,719,000, more than 4,674,000 a month earlier.

The foreclosure rate edged up a basis point to 4.16 percent as of Jan. 31. One year prior, the foreclosure rate was just 3.86 percent. LPS noted that the number of properties in foreclosure pre-sale inventory was 2,203,000, more than 2,196,000 a month earlier.


A report released Tuesday by S&P/Experian indicated that 90-day delinquency on first mortgages came in at 2.84 percent during January, lower than from 2.93 percent in December.

LPS noted that the highest delinquency was in the states of Florida, Nevada, Mississippi, Georgia and New Jersey.

The best default rates could be found in Montana, Wyoming, Alaska, South Dakota and North Dakota.

next story

back to current headlines




Logout forgot
password?

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

MBS

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