The number of homeowners falling behind on their. an average 28 percent of all loans remain underwater, according to LPS. "Are we out of the woods yet in terms of foreclosures? No, not by any means.
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Aug. 23, 2011 /PRNewswire/ — Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, noted that it was.
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It’s been a rocky 18 months for Lender Processing Services. In summer 2010, regulators began investigating whether LPS and its former parent, Fidelity National Financial, had forged documents to help mortgage servicers expedite foreclosures. In the ensuing months, the scrutiny grew to include a number of LPS’s large lender clients.
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a substantially large number of residential mortgage loans serviced by the Bank became delinquent and resulted in foreclosure actions. The Bank’s foreclosure inventory grew substantially from 2009 through 2010. (2) In connection with certain foreclosures of loans in its residential mortgage servicing portfolio, the Bank:
It said that at the end of October, the number of properties going into foreclosure is "7.4 times historical averages and rising." The banks’ push to evict homeowners faster and in bigger numbers than ever before makes LPS’s services even more crucial to them.
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The number of Americans in the foreclosure process plummeted by nearly 25% in the past year, according to Lender Processing Services First Look mortgage report for April.
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LPS’ October "First Look" mortgage report: Foreclosure inventory lowest since 2008; Mississippi now leads nation in delinquent, non-current loans
The November Mortgage Monitor report released by Lender Processing Services (LPS) showed that the volume of loans moving to REO is still dropping with the moratoria further delaying foreclosure sales.. While the 90+ delinquency category has steadily decreased, the number of loans moving to seriously delinquent status beyond 90 days far outpaced the number of foreclosure starts, according to LPS.