LPS: Foreclosure timelines increase, Mortgage delinquency rate declines slightly in September

[mEDITate-OR:
realize that while your dogs and cats may be "fixed"
the rest of U.S. are not.
-------
New problem loan rates increased sharply over the last two months
with 1.6 percent of loans that were current six months ago
now 60 or more days delinquent or in foreclosure.
---------
The total number of loans 90+ delinquent is back to 2008 levels.
Most people focus on the GSE seriously delinquent loans, 
but the private and portfolio loans have much high delinquency rates.
---------
LPS reports that 4.18% of mortgages were in the foreclosure process:
up from 4.11% in August, and
up from 3.84% in September 2010.
This gives a total of 12.27% delinquent or in foreclosure.
It breaks down as:
• 2.36 million loans less than 90 days delinquent.
• 1.84 million loans 90+ days delinquent.
• 2.17 million loans in foreclosure process.
For a total of 6.37 million loans delinquent or in foreclosure in September.
--------
There are 2.17 million loans in the foreclosure process and
about 39% have been delinquent for more than 2 years, and
another 33% have been delinquent for 1 to 2 years.
--------

--------

---------

========
LPS: Foreclosure timelines increase
Mortgage delinquency rate declines slightly in September
http://www.calculatedriskblog.com/2011/11/lps-foreclosure-timelines-increase.html
=========