Robo-Reality: Final Foreclosures Fall as Pipeline Swells
The number of new foreclosures in 2011 dropped nearly 40 percent, according to year-end numbers just released by Lender Processing Services; there is, however, little cause for celebration.
New Loan Delinquencies on the Rise Again
Just when you thought things might be turning around, the mortgage crisis takes yet another little dip to the downside. Lender Processing Services just put out its May “Mortgage Monitor,” and some promising trends aren’t so promising anymore, specifica…
Mortgage Defaults May Be Driving Consumer Spending
Hate to be an “I told you so…” Lender Processing Services just put out its “Mortgage Monitor Report,” and we have a new record: The nation’s foreclosure inventories reached record highs.