Mon, Dec 29, 2014, 11:09 AM EST - U.S. Markets close in 4 hrs 51 mins

Recent

% | $
Quotes you view appear here for quick access.

Monarch Financial Holdings, Inc. Message Board

  • barkingdog78 barkingdog78 Oct 26, 2013 2:11 AM Flag

    Reality: Backlog of foreclosures waiting to flood the housing market

    “Lender Processing Services provided the media with a “first look” at the company’s mortgage performance statistics for the month of September….LPS counts a total of 3,266,000 mortgages nationwide that are 30 or more days past due but not yet in foreclosure. That tally represents 6.46 percent of all outstanding mortgages…..

    Of the more than 3 million delinquent loans, LPS says 1,331,000 have missed at least three payments but haven’t started the foreclosure process. Another 1,328,000 mortgages are currently winding their way through foreclosure pipelines, according to LPS’ data….

    All-in-all, there are 4,594,000 mortgages going unpaid in the United States.” (“Number of U.S. Mortgages Going Unpaid = 4,594,000″, DS News)

    SortNewest  |  Oldest  |  Most Replied Expand all replies
 
MNRK
14.2038+0.3538(+2.55%)11:07 AMEST

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.