Global Economic
Trend Analysis

Recent Posts

Tuesday, November 01, 2011 11:00 PM

LPS Mortgage Monitor: Over 4 Million Loans 90+ Days Delinquent or in Foreclosure, 72% in Foreclosure Not Made Payment for at Least 1 Year

Mish Moved to MishTalk.Com Click to Visit.

Inquiring minds are reading the latest LPS Mortgage Monitor, released today.

Foreclosure timelines continue to increase across the board - almost 40 percent of loans in foreclosure have not made a payment in two years, and 72 percent have not made a payment in a year or more. New problem loan rates increased sharply over the last two months, with 1.6 percent of loans that were current six months ago now 60 or more days delinquent or in foreclosure.
Here are a few charts from LPS.
Click on any chart for a sharper image.

Over 4 Million Loans 90+ Days Delinquent or in Foreclosure

Delinquencies and Foreclosures

39% of Loans in Foreclosure Not Made Payment in 2 Years, 72% for 1 Year

Take a good look at that chart. There has not been a decrease in the no payment for over 2 years category ever. At the beginning of 2011 it was 28%. It is now 39%. At the beginning of 2010 it was 12%.

Foreclosure Starts Outnumber Sales by Factor Over 3:1

If things are improving, it's not by much.

Mike "Mish" Shedlock
Click Here To Scroll Thru My Recent Post List

Last 10 Posts

Copyright 2009 Mike Shedlock. All Rights Reserved.
View My Stats