Vermont one of few states to see increase in bad mortgages

first_imgWhile Vermont still has the second fewest bad mortgages (delinquent plus foreclosed) east of the Mississippi, Vermont was one of only a handful of states that saw an increase in bad mortgages between October 2010 and October 2011, this is in contrast to the Unites States as a whole, which has seen a drop in non-current housing loans of 7.5 percent over the last year. Meanwhile, Vermont’s number has increased 5.7 percent. Vermont is one of only seven states to see an increase in bad mortgages.The October Mortgage Monitor report released by Lender Processing Services, Inc. (NYSE: LPS) shows mortgage delinquencies nationwide (see chart below) continue their decline, now nearly 30 percent off their January 2010 peak. Meanwhile, foreclosure inventories are on the rise, reaching an all-time high at the end of October of 4.29 percent of all active mortgages. The average days delinquent for loans in foreclosure extended as well, setting a new record of 631 days since last payment, while the average days delinquent for loans 90 or more days past due but not yet in foreclosure decreased for the second consecutive month.Judicial vs. non-judicial foreclosure processes remain a significant factor in the reduction of foreclosure pipelines from state to state, with non-judicial foreclosure inventory percentages less than half that of judicial states. This is largely a result of the fact that foreclosure sale rates in non-judicial states have been proceeding at four to five times that of judicial. Non-judicial foreclosure states made up the entirety of the top 10 states with the largest year-over-year decline in non-current loans percentages.The October data also showed that mortgage originations are on the rise, reaching levels not seen since mid-2010. Mortgage prepayment rates have also spiked, as much of the new origination is related to borrower refinancing; loans originated in 2009 and later are the primary drivers of the increase. While FHA origination activity is down, GSE and FHA originations still account for the vast majority of all new loans – nearly nine out of every 10 new mortgages.As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate: 7.93%Month-over-month change in delinquency rate: -2.0%Total U.S. foreclosure pre-sale inventory rate: 4.29%Month-over-month change in foreclosure pre-sale inventory rate: 2.5% States with highest percentage of non-current* loans: FL, MS, NV, NJ, ILStates with the lowest percentage of non-current* loans: ND, AK, SD, WY, MT*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.Notes:(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.(2) All whole numbers are rounded to the nearest thousand. About the Mortgage MonitorLPS manages the nation’s leading repository of loan-level residential mortgage data and performance information on nearly 40 million loans across the spectrum of credit products. The company’s research experts carefully analyze this data to produce a summary supplemented by dozens of charts and graphs that reflect trend and point-in-time observations for LPS’ monthly Mortgage Monitor Report. To review the full report, visit http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx(link is external).About Lender Processing Services Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology, services and mortgage performance data and analytics 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’ loan servicing platform, 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). JACKSONVILLE, Fla. – December 1, 2011last_img read more

Physio Andrew Leipus Parts Way with Kolkata Knight Riders

first_imgKolkata: Kolkata Knight Riders (KKR) physiotherapist Andrew Leipus will no longer be part of the set-up as he has decided to move on after spending 12 years with the franchise, the former India team physio said in a tweet.“After 12 seasons I’m moving on from KKR. Thanks to all the many coaches, players, support staff, management & the owners for an amazing journey & memories created over the years,” Leipus tweeted with a photo of him standing in front of the KKR jersey.Australian Leipus was India’s physiotherapist from 1999-2004, also being at the helm of the National Cricket Academy.KKR also parted ways with head coach Jacques Kallis and his assistant Simon Katich earlier in the week.Kallis, who took over as head coach in October 2015 from Trevor Bayliss, helped KKR reach three consecutive play-offs before failing to make the cut in 2019. KKR won 32 of their 61 games under the tutelage of Kallis and Katich. IANSAlso Read: Kolkata Knight Riders Part Ways With Jacques Kallis, Simon Katichlast_img read more

Stanford, Women of Troy have close matchup postponed by rain

first_imgThe rainy weather in the Bay Area last weekend proved to be an unavoidable obstacle for the USC women’s tennis team.First, the No. 18 Women of Troy (11-7, 3-1) headed to Palo Alto, Calif., to take on No. 12 Stanford (14-1, 3-0) on Friday. Because of the threat of rain, Stanford and USC agreed to play singles before doubles, but only five of the six matches managed to finish even a single game in the first set before the rain poured down.Long weekend · Junior Maria Sanchez’s nine-game singles match winning streak was ended this weekend when she lost to California’s Jana Juricova in three tough sets. – Geo Tu | Daily Trojan With more rain forecasted, the match was postponed to Sunday. Stanford and USC were also previously rained out on Feb. 27 in Los Angeles in a Pac-10 exhibition match.On Sunday morning, the match resumed though risk of rain persisted.  Again, the teams began with singles play. Stanford picked up two quick wins on courts four and six, as USC junior Lyndsay Kinstler fell 6-1, 6-1, and USC freshman Valeria Pulido lost 6-1, 6-3.But the Women of Troy were quick to tie it back up 2-2, posting wins from both sophomore Alison Ramos and freshman Danielle Lao in three-set matches. No. 26 Ramos upended her Stanford opponent, No. 61 Lindsay Burdette, 6-3, 6-3. Meanwhile, No. 30 Lao had a little more trouble taking down No. 69 Stacey Tan of Stanford. Lao lost the first set 4-6 but came back to finish off Tan in the next two sets, 6-1, 6-4.Stanford retaliated with a victory on court five, putting Stanford back in the lead 3-2. This left the match in the hands of Stanford’s                No. 8 Hilary Barte and USC’s No. 2 junior Maria Sanchez at the top court.Sanchez took the first set 6-3, but Barte didn’t stop without a hard-fought battle, getting the second set over Sanchez 6-4. During their third set, the rain began to fall again, forcing the match indoors. In the end, it was Sanchez who had the last word. She triumphed over four match points, racking in a tough third-set win in a tiebreaker 8-6.“It took mental toughness, skill and heart to win that match. We are all very proud of her,” Ramos said of Sanchez’s win.This left the match even at 3-3, as the rain caused the doubles matches to be suspended. The doubles action will be resumed at the           Pac-10 championships in Ojai, Calif., on April 22, but only if the result is needed to decide the      Pac-10 conference champion.Sanchez said she was disappointed that she couldn’t continue play.“I was hoping to play the doubles point since I definitely felt like we had the momentum going,” she said.Ramos also agreed with Sanchez, as she had hoped her team could break Stanford’s 159-match winning streak at home.“It is a little frustrating we couldn’t finish the match and that there is no winner or loser,” Ramos said. “It’s an odd feeling to tell other people that we’re tied.”The Women of Troy felt their performance against the Cardinal was a good indication of how good they can actually be.“It was invigorating to tie it back up,” Lao said. “We had our top three players beat their top three, which shows the potential that we have. Now we just need to get to a point where we can all perform well on the same day to clinch a big win.”The day before continuing the match with Stanford, USC faced       No. 12 Cal (14-4, 2-1). Though the weather was clear, USC couldn’t pull off the upset and lost to the Bears 5-2.After doubles and four singles matches, Cal gained control of the match 3-2. The deciding singles matches both ended with close three-setters in Cal’s favor.Cal’s No. 3 Jana Juricova ended Sanchez’s nine-game winning streak in a three-set match, 6-3, 5-7, 6-3. The two had previously dueled in another three-setter in February at Marks Stadium, where Sanchez handed Juricova one of her few losses of the season.The Bears continued to power through even though they already clinched the match. Ramos struggled to finish off Cal’s No. 44 Mari Andersson on court two. Ramos took the first set but fell in the second, 3-6. With the final set knotted at four-all, Andersson held serve to go up 5-4 and then broke Ramos for a 6-4 win. Andersson managed the comeback to wrap up the Bears’ second 5-2 decision over USC this season.“It’s difficult to tell whether we will play the point against Stanford considering our chances of winning the Pac-10 team title,” Ramos said. “In order for us to win the title, we must remain undefeated for the rest of the matches and we must count on other teams to lose.”USC will play Arizona State and Arizona at home this weekend.last_img read more