Vermont still better than most, but 7 million distressed mortgages drag on US

first_imgThe Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, indicates that signs of stabilization in the nation’s home loan delinquency and foreclosure rates remain largely neutralized by the more than 7 million loans in distress.According to the Mortgage Monitor report, the number of loans 90 or more days delinquent (including pre-sale foreclosure) declined 112,184 from 4,186,627 to 4,074,443 between March and April, with the total number of non-current U.S. loans plus REO (Real Estate Owned by banks, etc) just over 7.3 million (extrapolated to represent total mortgage market).Conversely, deterioration ratios remain high, with two loans rolling to a “worse” status for every one loan that has improved and the overall volume of loans moving from delinquent to current status declined to a three-month low supported primarily by “artificial cures” associated with HAMP modifications. In addition, newly delinquent loans (current at year-end and 60 or more days delinquent as of April) have declined from the 2009 levels but still remain extremely high from a historical perspective, particularly within prime product.Other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate: 8.99 percentTotal U.S. foreclosure inventory rate: 3.18 percentTotal U.S. non-current* loan rate: 12.17 percentStates with most non-current* loans:Florida, Nevada, Mississippi, Arizona, Georgia, California, Illinois, New Jersey, Michigan and Rhode IslandStates with the fewest non-current* loans:North Dakota, South Dakota, Wyoming, Alaska, Montana, Nebraska, Vermont, Colorado, Iowa and Minnesota*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Note: Totals based on LPS Applied Analytics’ loan-level database of mortgage assets.LPS manages the nation’s leading repository of loan-level residential mortgage data and performance information from nearly 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report.To review the full report, listen to a presentation of the report or access an executive summary, visit http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx(link is external).About Lender Processing ServicesLender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop), portfolio retention and default, augmented by the company’s award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS’ Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com(link is external).SOURCE Lender Processing Services, Inc. JACKSONVILLE, Fla., June 1, 2010 /PRNewswire-FirstCall/last_img read more

#SOTNGhana: Help bring back the love to Ghana football – Nana Addo urges Ghanaians

first_imgWith footballing activities across the country regaining momentum after a year’s hiatus, there’s been a significant rise in interest in the game locally.And, according to the President, Nana Akufo-Addo, it would take a great deal of support from Ghanaians, to ensure that these encouraging signs are maintained.Addressing Parliament on the state of the nation on Thursday, President Akufo-Addo congratulated new Ghana Football Association (GFA) President, Kurt Okraku on his election and called on Ghanaians to continue to show their enthusiasm for football in the country.“I’m happy to note that football has returned to normalcy after the election of GFA President, Kurt Okraku. The Ghana Premier League has returned, let’s help Bring Back The Love,” Nana Addo said.The return of the Ghana Premier League, the Division One League and the Women’s League has led to huge excitement among Ghanaian football fans ahead of the games as well as packed venues on matchdays.On social media, the local league has never been this popular, with Ghanaians keenly following the action across the country.This level of excitement can partially be attributed to the GFA’s Bring Back the Love Campaign, which the President referenced in his speech.The campaign has been geared towards hyping up games involving Ghanaian sides, from the national level to the clubs.It has been a welcome addition to the revival of Ghana football which saw its image severely dented by damning revelations of corruption in 2018.Despite some challenges, the campaign has been quite successful.Among the personalities in Parliament for the State of The Nation Address was former Black Stars captain, Asamoah Gyan.last_img read more