2 Days After Election | LPS’ September Mortgage Monitor: September’s Increase in the Delinquency Rate of 7.7% was Indeed Significant

LPS’ September Mortgage Monitor: One-Month Delinquency Rise Tied to Early-Stage Missed Payments, Shortened Transactional Period; Originations at Three-Year High

JACKSONVILLE, Fla., Nov. 8, 2012 — /PRNewswire/ — The September Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) looked at the significant month-over-month increase in the nation’s delinquency rates – up 7.7 percent from August, and representing the largest monthly increase since 2008. While September has historically been marked by seasonal rises in delinquencies, this was still a marked upturn. However, according to LPS Applied Analytics Senior Vice President Herb Blecher, it is important to view the month’s data in its proper context.

Total U.S. loan delinquency rate: 7.40%
Month-over-month change in delinquency rate: 7.72%
Total U.S. foreclosure pre-sale inventory rate: 3.87%
Month-over-month change in foreclosure pre-sale inventory rate: -4.05 %
States with highest percentage of non-current* loans: FL, MS, NJ, NV, LA
States with the lowest percentage of non-current* loans: MT, AK, SD, WY, ND

Full press release here…

~

4closureFraud.org

Comments
One Response to “2 Days After Election | LPS’ September Mortgage Monitor: September’s Increase in the Delinquency Rate of 7.7% was Indeed Significant”
  1. bobbi swann says:

    I believe this was withheld for release on purpose after the election as it would have implications on Obama voters. Obama HAD to know this information up front! Scallywag! Another 4 years with Captian Crook!

Leave a Reply