Home Delinquency

Foreclosures: Are They Increasing or Decreasing?

May 2, 2011

There seems to be much confusion about the number of distressed properties which are currently entering the housing market. This inventory has a tremendous impact on pricing in any particular region. For this reason, we want to bring a little clarity to the situation. Mortgage delinquencies are decreasing and foreclosures are increasing. Still confused? Let [...]

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Foreclosures: Bringing Clarity to the Confusion

April 22, 2011

Headlines created by the numerous foreclosure reports often contradict each other. One headline announces foreclosures are rising while the next talks about the decrease in foreclosure numbers. This has led to tremendous confusion regarding the issue. Let’s bring some clarity to the data. There are five individual stages of the foreclosure process that are reported: [...]

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Current Foreclosure Facts from LPS

December 6, 2010

Lending Processing Services (LPS) issues a monthly Mortgage Monitor which looks at several aspects of mortgage performance. We like to study this report to see what is currently taking place with delinquencies and foreclosures. The November report (which covers through October) had some very interesting information. Delinquency Rates All delinquency statuses are calculated using the MBA [...]

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New Modifications: Nonsense or Does It Make Sense?

March 29, 2010

Last week ended with a somewhat surprising announcement that the administration has decided to offer an addition to their modification program called Making Home Affordable Program Enhancements to Offer More Help for Homeowners. The new enhancements look to give relief to people who are unemployed and those approaching 20% negative equity in their homes. Why [...]

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Has It Become Stupid NOT to Walk Away?

March 2, 2010

Yesterday I posted on the latest Negative Equity Report from First American Core Logic. In that post, I quoted the report as saying that one of the ramifications of negative equity is that it is: a major factor in changing homeowners’ default behavior. That change in behavior could take on many different forms. One of [...]

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Foreclosure and Delinquency Rates by State

February 26, 2010

There has been much talk recently about the number of foreclosures currently held by the banks and when they may be released to the market. The number has been estimated at approximately 1.7 million properties. I believe that the banks will be forced to bring them to market in the near future. Why will banks [...]

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