Home Buyer News

LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

According to a report released yesterday by LPS (Lender Processing Services), "foreclosure inventory levels [stand] at 30 times monthly foreclosure sales volume." As a result of this massive backlog, real estate analysts expect more downward pressure on U.S. home values as most of these homes are likely to reenter the market as REO.

As of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values."

Consider this: According to Lender Processing Services (LPS) Mortgage Monitor for April, there are “4,699,000, or 9.76% of home loans delinquent or in foreclosure. timer home volume hit a fresh.

Florida’s 4th DCA Reverses Course – Community Associations Can Pursue Lien Foreclosure Despite Pending Mortgage Foreclosure – Arias Bosinger Quarterly Investment Update – 4th Quarter 2015 – Now that the Federal Reserve has finally raised the federal funds rate, we will not only focus on the pace of future rate increases, but also yield spread (the difference between a 10-year U.S.. WorldCat.org: The World’s Largest Library Catalog – Update your library’s information in WorldCat.

After increases in both foreclosure starts and sales in January, LPS is reporting a sharp decrease in February across all investor classes. The foreclosure backlog continues to plague the industry.

Robotics and Real Estate With Aaron Norris #635

According to LPS reports, the foreclosure issue will persist into 2013. Rates.. Foreclosure Crisis Could Continue Into 2013. August 20, 2010.. but the point stands that foreclosures are moving very slowly. Part of this is due to the gigantic backlog of foreclosures.

How to Decide Mortgage Masters group lps: foreclosure backlog Stands at 30x Foreclosure Sales Volume At Elite Executives, we know that buying or selling your home is more than just a business transaction for you. It’s an emotional experience, too. Your home is your comfort and your sanctuary, where you live and watch your children grow.

 · Going forward, LPS should be able to grow modestly this year. As mentioned, delinquent loans continue to be way above historical norms, and that backlog of overdue loans may start to move to foreclosure proceedings. However, it is unlikely that LPS will be able to maintain its current levels of revenue for more than a year or two.

New Study Affirms Savings Habits of Millennials Mortgage Masters Group Millennials are desperate to be homeowners, just like their parents before them. Millennials are taking over the mortgage market in the US, according to a new analysis by Realtor.com. The generation now holds the largest share of new mortgages by dollar volume. There are two main reasons why: Millen.

LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Monday Morning Cup of coffee: federal reserve Board to vote on lifting Wells Fargo’s growth restrictions Monday Morning Cup of Coffee: Mortgage rates to set more record lows Meanwhile, data this morning. set to continue, with pre-market gains for Apple (AAPL) and Netflix (NFLX.

Related posts

Privacy - Terms and Conditions