Mortgage delinquencies dip 10.6% in August | Mount Kisco NY Real Estate

-
Mortgage delinquency rates and foreclosure pre-sale inventory levels fell in August, suggesting a gradual move away from a market rife with troubled home loans, according to data released by Lender Processing Services.
The month of August brought a 10.6% dip in the nation's mortgage delinquency rate when comparing the 31-day period to year ago levels, LPS said Monday.
It's a continuing trend. Last month, LPS said said mortgage delinquencies were down 30% from the peak established in January 2010.
LPS uses data from 70% of the nation's mortgages, available through the firm's own loan-level databases.
By August, the nation had a 6.87% delinquency rate, a drop from 2011 levels and a 2.3% decline from a month earlier.
The total U.S. foreclosure pre-sale inventory rate also fell 2% from 2011, hitting 4.04% in August.
The number of properties with loans 30 or more days past due, but not in foreclosure, reached 3.42 million, while the number of loans 90-plus days past due but not in foreclosure hit 1.52 million.
States with the most non-current loans included Florida, Mississippi, New Jersey, Nevada and New York. Those with the lowest percentage of non-current loans included Montana, Alaska, South Dakota, Wyoming and North Dakota.
The total number of mortgages in the foreclosure inventory hit 2 million.
via housingwire.com

Comments

Post a Comment

Popular posts from this blog

Four Regional Banks Discuss Settlement Over Foreclosures | Waccabuc Real Estate

-
Image
U.S. state attorneys general are pressing four banks to accept a legal settlement over botched foreclosures similar to a deal reached with larger competitors this year, according to three people briefed on the matter. U.S. Bancorp (SFBC) , PNC Financial Services Group (PNC) Inc., SunTrust Banks Inc. (STI) and HSBC Holdings Plc (HSBA) have held talks with state and federal officials who investigated claims that loan servicers mishandled foreclosure documents, according to the people, who spoke on condition of anonymity because the talks are private. U.S. Bancorp Said to Join PNC in Talks on Mortgage Settlement Jeff Kowalsky/Bloomberg Mortgage servicers typically handle billing and collections, as well as foreclosures when borrowers fail to pay. Neil Brazil , a spokesman for HSBC’s North America unit, said in an e-mail that the London-based lender has conducted “preliminary discussions with its bank regulators and other ...
Read more

Bedford Corners Real Estate by Robert Paul | 3 Perks of Google+ for Doctors: Spend a Little Time, Make Big Online Marketing Gains

-
Image
For doctors trying to reach their patients online, using Google+ can provide surprising marketing benefits that help them be more “findable” on the web. Consider that 44 percent of all Internet users search online to find information about health professionals, and suddenly the importance for doctors of having a good online presence should be more clear. In this article I’ll discuss three reasons why I think that, if you participate in Google+, the newest social network, you can improve the chances your name will come up when prospective patients search for something you’ve written about. If you’re not a doctor but you do know that many prospective clients use the web as a way to find you and your competitors, this article will also be relevant to you. 1. Rise in the Rankings First, participating in Google+ gives doctors an advantage because content you share on Google+ has an “edge” against other stories. That’s right–Google (the search engine) likes stories that’ve gotten sha...
Read more