According to latest data from LPS [Lender Processing Services] the total number of distressed loans in just floating out there is over 7 MILLION. So, everyone celebrating piece meal reports about delinquency decreases, increased pending home sales, and foreclosure inventories…hold your horses. Stabilization is not here yet.
Posts Tagged ‘mortgage’
7m Distressed Loans!
admin
Jun 8
|14:25
Home-Buyer Credit Warping View?
admin
May 24
|14:31
Thank you National Association of Realtors for keepin’ it real. According to data released today, April saw a 7.6% increase in resale of homes. In a rush to beat the tax credit deadline, there are currently 5.77 million buyers rushing to the closing table. But, before touting “economic health regained”, NAR also reported that available inventory jumped 4.04 million, or 11.5%, in April too.
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