LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

Blitzer, chairman of the index committee at Standard & Poor’s. ââ¬Å”These data confirm what we have seen with recent housing starts and sales reports,ââ¬Â Blitzer continued. ââ¬Å”The housing.

As of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values."

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As of the end of February, foreclosure inventory levels stand at more than 30 times monthly foreclosure sales volume, indicating this backlog will continue for quite some time. Ultimately, these foreclosures will most likely reenter the market as REO properties, putting even more downward pressure on U.S. home values."

(Read more about LPS in our guide to who’s who of the foreclosure scandal [3].) As we ‘ve noted [4], the firm-which helps handle more than half of all U.S. mortgages [5]-has been accused of using the same "robo-signing [6]" practices as the major banks, such as signing and notarizing documents that appeared inaccurate or invalid.

The page lists the state foreclosure legislation introduced in 2016.. of foreclosure by market sale within 30 days of receipt of a sales. a certificate of good standing to a mortgagor who has completed the mediation program.

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The latest Tweets from Shonda Williams (@shondawilliams). I am your Realtist/Realtor, Certified Short Sale and Foreclosure Resource, Certified REO Specialist. I service San Bernardino, Riverside, and L.A. Counties. Inland Empire

LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Although our origination services business was strong, fueled by the high refinance volumes, this was offset by declines in Default Services, which continue to be impacted by industry-wide foreclosure.

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Consider this: According to Lender Processing Services (LPS) Mortgage Monitor for April, there are “4,699,000, or 9.76% of home loans delinquent or in foreclosure. timer home volume hit a fresh.