Mortgage Delinquencies and Foreclosures Increased in August; Mean Time in Foreclosure at 1015 Days

The Mortgage Monitor for August (pdf) from Black Knight Financial Services (BKFS, formerly LPS) reported that there were 695,548 home mortgages, or 1.37% of all mortgages outstanding, remaining in the foreclosure process at the end of August, which was down from 711,265, or 1.40% of all active loans that were in foreclosure at the end of July

Mortgage Delinquencies - Lying in Wait

The headlines are all abuzz with the headline that mortgage foreclosures are down to 9.47%. This is from the MBA Q4 Delinquencies Conference Call.

The delinquency rate for mortgage loans on one-to-four unit residential properties fell to a seasonally adjusted rate of 9.47 percent of all loans outstanding as of the end of the fourth quarter of 2009, down 17 basis points from the third quarter, and up 159 basis points from one year ago.

Don't you believe it. Firstly, 14.05% of all mortgages are delinquent or in foreclosure, not seasonally adjusted, 15%. Then, this from Calculated Risk: