[hugo]

LPS’ October Mortgage Monitor also cites large “shadow” foreclosure and REO inventories. The number of loans deteriorating further into delinquent status is now more than twice the number of foreclosure starts, indicating another major wave of troubled loans in an already clogged loan pipeline. Nearly one-third of foreclosures remain in pre-sale status after 12 months – twice as many as the year prior. The six-month average deterioration ratio has risen the past two months to 300 percent, showing that for every loan that improves in status, three more deteriorate further.

http://www.lpsvcs.com/NewsRoom/Pages/20091109a.aspx

http://www.lpsvcs.com/NewsRoom/IndustryData/Documents/10-2009%20Mortgage%20Monitor/Exec%20Summary%20for%20October%202009_FINAL.pdf

http://www.lpsvcs.com/NewsRoom/IndustryData/Pages/default.aspx

[hugo]

LPS’ October Mortgage Monitor also cites large “shadow” foreclosure and REO inventories. The number of loans deteriorating further into delinquent status is now more than twice the number of foreclosure starts, indicating another major wave of troubled loans in an already clogged loan pipeline. Nearly one-third of foreclosures remain in pre-sale status after 12 months – twice as many as the year prior. The six-month average deterioration ratio has risen the past two months to 300 percent, showing that for every loan that improves in status, three more deteriorate further.

http://www.lpsvcs.com/NewsRoom/Pages/20091109a.aspx

http://www.lpsvcs.com/NewsRoom/IndustryData/Documents/10-2009%20Mortgage%20Monitor/Exec%20Summary%20for%20October%202009_FINAL.pdf

http://www.lpsvcs.com/NewsRoom/IndustryData/Pages/default.aspx

[hugo]

LPS’ October Mortgage Monitor also cites large “shadow” foreclosure and REO inventories. The number of loans deteriorating further into delinquent status is now more than twice the number of foreclosure starts, indicating another major wave of troubled loans in an already clogged loan pipeline. Nearly one-third of foreclosures remain in pre-sale status after 12 months – twice as many as the year prior. The six-month average deterioration ratio has risen the past two months to 300 percent, showing that for every loan that improves in status, three more deteriorate further.

http://www.lpsvcs.com/NewsRoom/Pages/20091109a.aspx

http://www.lpsvcs.com/NewsRoom/IndustryData/Documents/10-2009%20Mortgage%20Monitor/Exec%20Summary%20for%20October%202009_FINAL.pdf

http://www.lpsvcs.com/NewsRoom/IndustryData/Pages/default.aspx

[hugo]

LPS’ October Mortgage Monitor also cites large “shadow” foreclosure and REO inventories. The number of loans deteriorating further into delinquent status is now more than twice the number of foreclosure starts, indicating another major wave of troubled loans in an already clogged loan pipeline. Nearly one-third of foreclosures remain in pre-sale status after 12 months – twice as many as the year prior. The six-month average deterioration ratio has risen the past two months to 300 percent, showing that for every loan that improves in status, three more deteriorate further.

http://www.lpsvcs.com/NewsRoom/Pages/20091109a.aspx

http://www.lpsvcs.com/NewsRoom/IndustryData/Documents/10-2009%20Mortgage%20Monitor/Exec%20Summary%20for%20October%202009_FINAL.pdf

http://www.lpsvcs.com/NewsRoom/IndustryData/Pages/default.aspx

[hugo]

LPS’ October Mortgage Monitor also cites large “shadow” foreclosure and REO inventories. The number of loans deteriorating further into delinquent status is now more than twice the number of foreclosure starts, indicating another major wave of troubled loans in an already clogged loan pipeline. Nearly one-third of foreclosures remain in pre-sale status after 12 months – twice as many as the year prior. The six-month average deterioration ratio has risen the past two months to 300 percent, showing that for every loan that improves in status, three more deteriorate further.

http://www.lpsvcs.com/NewsRoom/Pages/20091109a.aspx

http://www.lpsvcs.com/NewsRoom/IndustryData/Documents/10-2009%20Mortgage%20Monitor/Exec%20Summary%20for%20October%202009_FINAL.pdf

http://www.lpsvcs.com/NewsRoom/IndustryData/Pages/default.aspx

[hugo]

The 10-year bond has gone from 2.55% to almost 3.2% in the last 6 weeks. With the market recovering and the fear subsiding interest rates could move up quickly. Those option arm resets might not be so painless later this year.

[hugo]

The 10-year bond has gone from 2.55% to almost 3.2% in the last 6 weeks. With the market recovering and the fear subsiding interest rates could move up quickly. Those option arm resets might not be so painless later this year.

[hugo]

The 10-year bond has gone from 2.55% to almost 3.2% in the last 6 weeks. With the market recovering and the fear subsiding interest rates could move up quickly. Those option arm resets might not be so painless later this year.

[hugo]

The 10-year bond has gone from 2.55% to almost 3.2% in the last 6 weeks. With the market recovering and the fear subsiding interest rates could move up quickly. Those option arm resets might not be so painless later this year.

[hugo]

The 10-year bond has gone from 2.55% to almost 3.2% in the last 6 weeks. With the market recovering and the fear subsiding interest rates could move up quickly. Those option arm resets might not be so painless later this year.

[hugo]

I think what’s being overlooked is that we don’t really have competition in this country. There is no way the financial services companies would be able to hand out lavish bonuses if they were truly competing to provide the best services at the lowest cost. Too big to fail has failed. We now have a system where public money guarantees grand profits for our financial oligarchs. A brand of socialism for the few.

[hugo]

I think what’s being overlooked is that we don’t really have competition in this country. There is no way the financial services companies would be able to hand out lavish bonuses if they were truly competing to provide the best services at the lowest cost. Too big to fail has failed. We now have a system where public money guarantees grand profits for our financial oligarchs. A brand of socialism for the few.

[hugo]

I think what’s being overlooked is that we don’t really have competition in this country. There is no way the financial services companies would be able to hand out lavish bonuses if they were truly competing to provide the best services at the lowest cost. Too big to fail has failed. We now have a system where public money guarantees grand profits for our financial oligarchs. A brand of socialism for the few.

[hugo]

I think what’s being overlooked is that we don’t really have competition in this country. There is no way the financial services companies would be able to hand out lavish bonuses if they were truly competing to provide the best services at the lowest cost. Too big to fail has failed. We now have a system where public money guarantees grand profits for our financial oligarchs. A brand of socialism for the few.

[hugo]

I think what’s being overlooked is that we don’t really have competition in this country. There is no way the financial services companies would be able to hand out lavish bonuses if they were truly competing to provide the best services at the lowest cost. Too big to fail has failed. We now have a system where public money guarantees grand profits for our financial oligarchs. A brand of socialism for the few.

[Author]

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