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…
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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!