National foreclosure inventory drops: LPS

 · Nationwide, the national foreclosure inventory included approximately 434,000, or 1.1 percent, compared with 571,000 homes, or 1.5 percent, in February 2015. Completed foreclosures or the total number of homes lost to foreclosure, declined 10 percent compared with February 2015 to just 38,000 properties.

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The May Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) shows that the nation’s foreclosure inventory remains near all-time highs, with 4.12 percent of all active.

LPS: Average Days to Foreclose at 895 in August as National Pipeline Ratios Remain Over 3 Years. What this number gives us then is the number of months that it would take for all those in the foreclosure inventory and the pre-foreclosure inventory to clear at the current rate foreclosures are.

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JACKSONVILLE, Fla., July 8, 2013 /PRNewswire via COMTEX/ — The May Mortgage Monitor report released by Lender Processing Services LPS, +2.56% found that the national delinquency rate continued to.

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 · As of May 2016, the national foreclosure inventory included approximately 390,000, or 1.0 percent, of all homes with a mortgage compared with 517,000 homes, or 1.3 percent, in May 2015. The May 2016 foreclosure inventory rate is the lowest for any month since October 2007.

JACKSONVILLE, Fla. – Dec. 5, 2012 – The October Mortgage Monitor report released by Lender Processing Services (NYSE: LPS) showed a significant decline in foreclosure starts for the last two months – down 21.9 percent in October and almost 48 percent on a year-over-year basis – leading to a nearly 7 percent drop in overall foreclosure inventory.

U.S. homes in the foreclosure inventory dropped 3.51 percent in November – following a 2.84 percent decrease in October, and a 10 percent decline in September. LPS says the National Mortgage Settlement may have been a big factor in the drop and could be delaying the pace of foreclosures. Foreclosure starts could "rebound as mortgage servicers incorporate new procedural requirements into their operations," according to LPS.

 · As of September 2016, the national foreclosure inventory included approximately 340,000, or 0.9 percent, of all homes with a mortgage, compared with 493,000 homes, or 1.3 percent, in September 2015.

Meanwhile, the national foreclosure pre-sale inventory rate averaged 3.41 percent, falling 0.82 percent month-over-month while making a steep 19.39 percent drop year-over-year.

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 · But the national index is still falling, dragged down by pricing drops in the worst-hit states.. These five states are home to 46% of the inventory working through the foreclosure.