LPS Releases Dismal Mortgage Statistics
Lender Processing Services (LPS), the largest mortgage servicer in the United States, recently released its “Mortgage Monitor,” a comprehensive study of the status of U.S. mortgages/foreclosures. The study found the national average of delinquent mortgages at about 12.45%. In other words, nearly 4.1 Million loans are either delinquent or currently in foreclosure. The research further […]