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.
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
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.
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
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.
The FHA is getting a $1.7 billion bail out from the Treasury. Seems those reverse mortgages have managed to accrue $5 billion in losses. The news was disclosed in a letter to Congress, not even a press release. Most of us know the drill. Have to issue news but want no one to read it? Release it at 5pm on a Friday.
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