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first_imgVermont’s mortgage delinquency and foreclosure rates are still well below the national average and are some of the lowest in the nation. The May Mortgage Monitor report released today by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, shows a 2.3 percent month-over-month increase in the nation’s home loan delinquency rate to 9.2 percent in May 2010, and that early-stage delinquencies are increasing as normal seasonal improvements taper off. This report includes data as of May 31, 2010.According to the Mortgage Monitor report, the percentage of mortgage loans in default beyond 90 days increased slightly, while both delinquency and foreclosure rates continue to remain relatively stable at historically high levels. There are currently more than 7.3 million loans currently in some stage of delinquency or REO.  The report also shows that the average number of days for a loan to move from 30-days delinquent to foreclosure sale continues to increase, and is now at an all-time high of 449 days, resulting in an increase in “shadow” foreclosure inventory.After a two-month decline, deterioration ratios increased, with 2.5 loans rolling to a “worse” status for every one that has improved. The number of delinquent loans that “cured” to a current status declined for every stage of delinquency, except in the “greater than six months delinquent” category.  This improvement was likely the result of trial modifications made through the Home Affordable Modification Program (HAMP) that transitioned into permanent status.  Other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate:9.20 percentTotal U.S. foreclosure inventory rate:3.18 percentTotal U.S. non-current* loan rate:12.38 percentStates with most non-current* loans:Florida, Nevada, Mississippi, Georgia, Arizona, California, Illinois, New Jersey, Ohio and IndianaStates 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 and access an executive summary of the report, visithttp://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., July 6, 2010 /PRNewswire-FirstCall/ —last_img read more

first_img‘Times of hardship’ Khamenei advised Iranians that “everyone should follow the instructions” of the authorities to fight the epidemic “so that Almighty God will put an end to this calamity for the Iranian people, for all Muslim nations and for all mankind”.Jahanpour said Tehran province had reported 249 new cases and the central province of Yazd, where 84 new patients had been counted, “could become a new focus of the disease in the coming days”.To limit the spread of the virus, the authorities have asked people to refrain from travelling during the nation’s current New Year celebrations. In Iran “about 68 percent of deaths from COVID-19 disease are people over 60 years of age”, Jahanpour said, stressing that family trips “are generally risk factors for this age group”. Iran has a population of some 81 million and the disease is present in all 31 provinces. While it refuses to seek assistance from the American “Great Satan”, the Islamic Republic has not closed the door to international help. Iran said that by mid-March it had received medical equipment or financial aid from Azerbaijan, Britain, China, France, Germany, Japan, Qatar, Russia, Turkey and the United Arab Emirates. Aid group Doctors Without Borders (MSF) announced Sunday it would send a 50-bed inflatable hospital and a nine-person emergency team to Isfahan, Iran’s third largest city. “Iran is by far the hardest hit country in the region and Isfahan is the second most affected province in the country, and we hope that our aid will relieve, at least in part, the pressure on the local health system,” said Julie Reverse, MSF’s representative in Iran.  Iran’s supreme leader Ali Khamenei said Sunday his country would never accept any aid to fight the novel coronavirus from arch-enemy and “charlatans” the United States, as Tehran announced 129 new deaths.Speaking in a televised address, Khamenei charged in a message directed at Washington: “No one trusts you. You are capable of bringing into our country a drug that will keep the virus alive and prevent its eradication.”Iran has been one of the countries worst hit by the COVID-19 illness along with Italy, Spain and China, and the latest fatalities raised the official death toll to 1,685, the health ministry said. More than 1,028 new cases in the past 24 hours meant a total of 21,638 people had now tested positive for the virus, said ministry spokesman Kianouche Jahanpour.US President Donald Trump — who has stepped up sanctions and a “maximum pressure” campaign on Tehran over its nuclear program — said on February 29 that Washington was ready to help Iran fight the virus if its leaders requested it. But Khamenei reiterated Iran’s rejection, charging that Washington, which whom it has had no diplomatic relations for more than 40 years, was “capable” of wanting to intensify the epidemic in the Islamic republic.”Today America is our most ferocious and vicious enemy,” Khamenei said in his address to the nation. “The American leaders are liars, manipulators, impudent and greedy … They are charlatans,” he said, also labeling them “absolutely ruthless” and “terrorists”.The American proposals “to help us with medicines and treatments, provided we ask for them, are strange”, he said, noting that the United States itself suffers from “a horrible shortage not only of disease prevention equipment but also of medicines”. Speaking to Washington, he added: “If you have something, use it for yourself.” Topics :last_img read more