LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume LPS reports that the total U.S. loan delinquency rate stood at 8.8 percent as of the end of February. The U.S. foreclosure inventory rate hit 4.15 percent.
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in more than a year, raising the risk that home sales will keep slowing, economists said before a report today." LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume – "New data released by Lender Processing Services (lps) monday show that while delinquencies continue to decline, an enormous
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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.
LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume. Florida FHA Loan 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.
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LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Although our origination services business was strong, fueled by the high refinance volumes, this was offset by declines in Default Services, which continue to be impacted by industry-wide foreclosure.