Tag Archives: More Home Owners Keep Up With Mortgage Payments

Mortgage delinquencies posted their largest year-to-date drop since 2002, Lender Processing Services reports. Delinquencies fell 15 percent during the end of December 2012 to May 2013. New problem loan rates are approaching the pre-crisis average, says Herb Blecher, LPS Applied Analytics senior vice president. “Though they are still approximately 1.4 times what they were, on average, during the 1995 to 2005 period, delinquencies have come down significantly from their January 2010 peak, Blecher notes. In large part, this is due to the continuing decline in new problem loans — as […]