foreclosures

Foreclosure Starts Rise 5.5% in January; Foreclosure Pipeline Still Well Over 4 Years Long

The Mortgage Monitor (pdf) from Black Knight Financial Services (BKFS, formerly LPS Data & Analytics) is a mostly graphics presentation that covers a variety of mortgage related issues each month. After summarizing the monthly stats, we'll take a look at a few of the graphics from this month's section on foreclosures.

Foreclosure Pipelines Still Over 4 Years as Average Time In Foreclosure Rises to Record 1024 Days

According to the Mortgage Monitor for October (pdf) from Black Knight Financial Services (BKFS, formerly LPS Data & Analytics), there were 857,824 home mortgages, or 1.69% of all mortgages outstanding, remaining in the foreclosure process at the end of October, which was down from 892,796, or 1.76% of all active loans that were in foreclosure at the end of September, and down from 2.54% of all mortgages that were in foreclosure in October of last year. 

Foreclosure Starts Rise 11.55% in September as Average Time In Foreclosure Rises to Record 1014 Days

According to the Mortgage Monitor for September (pdf) from Black Knight Financial Services (BKFS, formerly the LPS Data & Analytics division), there were 892,796 home mortgages, or 1.76% of all mortgages outstanding, remaining in the foreclosure process at the end of September, which was down from 935,460, or 1.80% of all active loans that were in foreclosure at the end of August, and down from 2.63% of all mortgages that were in foreclosure in September of last

Mortgage Delinquencies Rise in August for 3rd Month in a Row; Average Time In Foreclosure Rises to Record 1010 Days

According to the Mortgage Monitor for August (pdf) from Black Knight Financial Services (BKFS, formerly the LPS Data & Analytics division), there were 912,898 home mortgages, or 1.80% of all mortgages outstanding, remaining in the foreclosure process at the end of August, which was down from 935,460, or 1.85% of all active loans that were in foreclosure at the end of July, and down from 2.66% of all mortgages that were in foreclosure in July of last year.

Foreclosure Starts and 90 Day Defaults Rise Again in July, Average Time in Foreclosure Now at 1001 Days

According to the Mortgage Monitor for July (pdf) from Black Knight Financial Services (BKFS, formerly the LPS Data & Analytics division), 935,460 home mortgages, or 1.85% of all mortgages outstanding, remained in the foreclosure process at the end of July, which was down from 951,384, or 1.91% of all active loans that were in foreclosure at the end of June, and down from 2.82% of all mortgages in July of last year.  These are homeowners who had a foreclosure not

Mortgage Delinquencies Rose 2.6% in November as Foreclosure Starts Fell to a Post Crisis Low

One monthly report that was released this week that we regularly review is the Mortgage Monitor for November from LPS (pdf) which includes quite thorough and detailed graphics covering the spectrum of information on US mortgages.  As per usual, we'll be focusing on mortgage delinquencies and foreclosures, which are the crisis aspects of his report.

Brother, Can You Spare $91.44 Billion?

Wall Street got $91.44 billion in bonuses for 2013.  The 98% of us want those bonuses paid back to the victims of the financial crisis.  We're pretty sure $91.44 billion won't even start to compensate for the damage.  A magazine, How To Spend It, is devoted to helping the super rich spend their newly acquired wealth.  The magazine is a fine example of unbridled greed and conspicuous consumption.