Tag Archives: Lender Processing Services

National home prices rose 1.2 percent month-over-month to $229,000 in June, according to Lender Processing Services' Home Price Index (HPI). Out of the 40 large metro areas LPS tracks, three in Texas reached new highs: Austin ($237,000), Dallas ($182,000), and Houston ($181,000). Denver also established a new high-water mark of $265,000. At the same time, San Antonio is just 0.3 percent below its August 2007 peak, while Honolulu sits 2.1 percent below its 2007 peak.

Based on transactions recorded in May, Lender Processing Services' Home Price Index rose to a reading of $226,000, an increase of 7.9 percent over May 2012. The index has climbed 5.6 percent since December of last year. For yet another month, the West dominated the list of metros reporting price month-over-month increases. The top spot was Las Vegas, posting a 3.2 percent gain. Following that were San Francisco, Reno, and Sacramento--each with a 2.5 percent increase--followed by several smaller California markets.

In Florida, Lender Processing Services, Inc. (LPS), announced that Vicki Vidal has joined the company as SVP of product management for its Servicing Solutions and Technology division.

The number of underwater borrows dropped by nearly half from Q1 2012 to Q1 2013, Lender Processing Services (LPS) reported in its May Mortgage Monitor. As of the end of Q1, the total share of mortgages with loan-to-value (LTV) ratios of greater than 100 percent was down to 14.7 percent of all currently active loans. Even in the Western "sand states," where borrowers have struggled in recent years, LPS reported underwater loans were down as much as 53 percent year-over-year.

Lender Processing Services' (LPS) Home Price Index (HPI) continued to climb in April, the company revealed. According to LPS' monthly report, the index rose 1.5 percent from March to a value of $217,000. Year-over-year, the index increased 8.1 percent from $201,000. Year-to-date, prices were up 4.5 percent as of April 30. The states reporting the biggest HPI increases were California (2.6 percent), Nevada (2.3 percent), Oregon (2.1 percent), Washington (2.0 percent), and Illinois (1.9 percent, the same as Michigan).

Lender Processing Services' (LPS) Home Price Index (HPI) averaged $213,000 in March, an increase of 1.4 percent month-over-month and 7.6 percent year-over-year.

Lender Processing Services, Inc. introduced the web-based Workout Interaction Tool (WIT), which provides data from its MSP servicing system to and from Fannie Mae's Servicing Management Default Underwriter (SMDU) platform.

Lender Processing Services' (LPS) Home Price Index rose 1 percent in February to $210,000, the company reported. Currently, prices are 20.6 percent below the June 2006 peak of $265,000. California cities dominated the top 10 list for metro area price gains, with 9 out of ten metros representing the state. Price decreases were also concentrated. According to LPS data, five out of the six states where prices fell month-over-month were in Connecticut.

In January, national home prices averaged $208,000, up 0.3 percent from December and 6.7 percent year-over-year. However, prices were still 21.4 percent below their June 2006 peak. Among metro areas, Atlanta experienced the biggest monthly increase at 1.7 percent, while Phoenix followed with a 1.2 percent gain. Three other metros in the top five were San Jose (+1.2 percent); Hilton Head, South Carolina (1.1 percent); and Baltimore (1.1 percent).

Lender Processing Services, Inc., (LPS) announced the launch of new mortgage insurance (MI) products through the LPS Loan Quality Gateway.