Tag Archives: LPS

Eighteen percent of current loans remain underwater, according to LPS' July Mortgage Monitor report. In states where the percentage of current loans sitting underwater is extremely high, the share of new problem loans was also higher. For example, the state with the highest percentage of new problem loans was Nevada, where 54.7 percent of current loans are underwater, followed by Florida (33.1 percent), Arizona (28.4 percent), and Georgia (42.8 percent).

Home prices ticked up by 0.9 percent year-over-year, according to Lender Processing Services. The Florida-based analytics and technology provider revealed that prices also rose by 0.7 percent month-over-month. Home values climbed by $203,000 on average, reflecting a 0.7-percent uptick from $202,000 last year.

Lender Processing Services (LPS) released Friday its latest Home Price Index (HPI) report, showing that prices increased both month-over-month and year-over-year. The report, based on residential real estate transaction data as of the end of May, revealed that the home price index for the month was $202,000, a 0.9 percent month-over-month increase and a 3.2 percent increase from the start of the year.

LPS Settles Criminal Charges in Missouri Lender Processing Services, Inc., announced Thursday that an agreement was reached between subsidiary DocX, LLC, and the Attorney General Chris Koster. The agreement between the parties resulted in a dismissal of criminal charges pending against DocX. The Attorney General's Office alleged that DocX directed employees to falsely sign mortgage documents in the names of bank VPs without proper authorization.

Lender Processing Services (LPS) released Wednesday its first look month-end mortgage performance data for June, revealing that the loan delinquency rate fell year-over-year. According to statistics from LPS' loan-level database, loan delinquency fell from June 2011 by 7.3 percent. However, delinquency increased month-over-month, with June's numbers being 3.4 percent higher than May's. LPS' data also revealed an estimated 5,663,000 properties are 30 days or more overdue or in foreclosure.

The company's recent HPI is an update from an earlier release to reflect residential sales concluded during April 2012. The index showed that home price values fell 0.1 percent from April 2011 to April 2012 ($201,000 to $200,000). However, price index values rose from January's low ($195,000) at a pace not seen in more than half a decade. The accelerated rate of the HPI's increase represents an annualized rate of 13.1 percent per year (compared to negative 6.1 percent/year from May 2007 to January 2012).

In May, foreclosure starts outnumbered foreclosure sales by a near 3-1 ratio, according to report from Lender Processing Services (LPS). Even though foreclosure starts and sales saw similar monthly increases, the actual number of foreclosure starts was significantly higher, with starts numbering 202,707 while foreclosure sales totaled 73,439. Also, foreclosure inventory maintained historically high levels at 4.14 percent. LPS Applied Analytics SVP Herb Blecher said the situation is more nuanced when looking at the breakdown between states that apply judicial versus non-judicial foreclosure processes.

U.S. home prices averaged $200,000 in April 2012, posting a monthly gain, but still down from a year ago, Lender Processing Services revealed in a preliminary release. According to the analytics company's Home Price Index (HPI), which reports on price changes based on residential real estate transactions occurring in April 2012, prices increased 1.1 percent from the month before and decreased by 0.1 percent from April 2011. The states, including the District of Columbia, which posted the greatest monthly increases were Alaska (2.6 percent), D.C. (2.4 percent), and Georgia (2.2 percent).

Lender Processing Services, Inc. (LPS) offered a peak into mortgage performance in May 2012 and revealed a slight increase in the delinquency rate. The total delinquency rate, which includes all loans 30 days or more past due but not yet in foreclosure, was 7.20 percent, a 1.1 percent increase from the month before in April. Compared to May 2011, the delinquency rate is still down significantly by 9.6 percent. In April 2012, the delinquency rate increased slightly by 0.4 percent from the month before after 9 months of declines.

Lender Processing Services, Inc., announced Monday the launch of LPS Industry Lien Matching Service from its LPS Applied Analytics division.