A look at Biden’s first week in office

This episode reviews last week’s inauguration of President Joe Biden, examining which housing issues the new administration has already taken action on.

Biden’s executive order will extend foreclosure moratorium

President Biden revealed his plan to sign 17 executive orders his first day in office, including am extension of the eviction and foreclosure moratorium to at least March 31.

If consumers aren’t holding lenders back, then who or what is?

The challenge for lenders and investors is understanding how to meet borrowers where they are without layering on risk or getting bogged down in third-party intermediation.

HomeBridge’s Brian White on diversity at a practical level

HomeBridge's Brian “Woody” White discusses ways to increase diversity within the housing finance industry.

Mortgage

LPS: US loan delinquency rate edges up 2.63%

NJ takes the No. 2 spot for non-current loans as Florida improves

The U.S. loan delinquency rate edged up a bit in November, but has been on the decline for most of the year, with delinquencies down more than 10% year-to-date, Lender Processing Services (LPS) said.

Foreclosure inventory also fell, edging down another couple of points to 2.5% in November and 29% year-over-year, LPS noted Monday morning.

The overall U.S. foreclosure inventory now stands at 1.256 million loans in foreclosure, according to LPS’s First Look Mortgage Monitor Report.  

The total U.S. loan delinquency rate is hovering at 6.45% — including all loans 30 or more days past due or not in foreclosure.

The delinquency rate year-over-year fell 9.41%, while the month-over-month change in the foreclosure presale inventory rate fell 1.72% while the year-over-year rate declined 28.81%.

States with the highest percentage of non-current loans included Mississippi, New Jersey, Florida, New York and Louisiana.

As LPS pointed out, Florida continues to improve with New Jersey taking over the second spot in the list.

States with the lowest percentage of non-current loans included Colorado, Montana, Alaska, South Dakota and North Dakota.

Most Popular Articles

Biden’s executive order will extend foreclosure moratorium

President Biden plans to sign 17 executive orders his first day in office, including an extension of the eviction and foreclosure moratorium.

Jan 20, 2021 By

Latest Articles

Industry mourns death of PennyMac’s Stanford Kurland

PennyMac Mortgage Investment Trust announced that company founder and Non-Executive Chairman Stanford Kurland died at age 68 due to complications from COVID-19. Kurland had also been battling brain cancer.

Jan 26, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please