The percent of delinquent and foreclosed mortgages in Vermont continues to increase slowly, as the 2011 increase in non-current mortgages was 7.9 percent. The November Mortgage Monitor report released today by Lender Processing Services, Inc. (NYSE: LPS) shows that while mortgage delinquencies at the end of November 2011 were nearly 25 percent less than the January 2010 peak, the trend toward fewer loans becoming delinquent, which dominated 2010 and the first quarter of 2011, appears to have halted. At the same time, new problem loans – those loans seriously delinquent as of the end of November that were current six months prior – have not improved significantly in the last year. This degree of stagnation indicates that while the situation is not getting markedly worse, it is not improving either, and inventories of troubled loans remain significantly higher than pre-crisis levels across the board.The November mortgage performance data also showed both new and repeat foreclosure starts dropped sharply in November, down nearly 30 percent from the month prior. As late-stage delinquencies in the pipeline still number close to 2 million, the sharp drop is more indicative of the impact of ongoing document reviews, additional state legislation and new regulatory requirements rather than a shift in trend.Prepayment activity – a key indicator of refinances – remained strong after several consecutive months of growth; however the October origination data showed a month-over-month drop of nearly 12 percent. While still the second highest level for the year, originations through October 2011 were down 21 percent vs. the same period in 2010 and down almost 30 percent vs. 2009. As reported in LPS’ First Look release, other key results from LPS’ latest Mortgage Monitor report include:Total U.S. loan delinquency rate: 8.15%Month-over-month change in delinquency rate: 2.7%Total U.S. foreclosure pre-sale inventory rate: 4.16%Month-over-month change in foreclosure pre-sale inventory rate: 3.0% States with highest percentage of non-current* loans: FL, MS, NV, NJ, ILStates with the lowest percentage of non-current* loans: ND, AK, WY, SD, 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 ServicesLender 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. – Jan. 6, 2012 –
(REUTERS) – Wayne Rooney suffered a miserable return to Old Trafford as his old club Manchester United thrashed Everton 4-0 with a flurry of late goals to go joint top of the Premier League on Sunday.Rooney, who went back to his boyhood club in July after 13 years with United in which time he scored a club-record 253 goals, wasted two good chances to cancel out Antonio Valencia’s stunning early strike for the hosts.He was substituted late on and then watched United add three more goals through Henrikh Mkhitaryan, former Everton striker Romelu Lukaku and Anthony Martial.A rather flattering victory lifted United level at the top with Manchester City. Both sides have 13 points from five games and have scored and conceded the same amount of goals.Everton, who had dominated much of the second half despite having little recovery time from Thursday’s Europa League defeat by Atalanta, dropped into the bottom three with four points.”I think the performance was very good, especially in the first 30 to 35 minutes,“ United manager Jose Mourinho said. ”It was probably our best performance of the season.“There was a moment were I felt we did not kill it so we have to make it solid with Ander Herrera. The second goal went in, then game over.”Everton manager Ronald Koeman said his side’s third heavy defeat in eight days was undeserved.“Sometimes in football you get more than you deserve but today we deserved more than we got,” he said. “What I saw today of my team made me happy.”United took the lead after three minutes with a goal of stunning quality.Nemanja Matic played a crossfield pass and as the ball zipped off a rain-soaked surface, Valencia connected with a right-foot shot that flew past Jordan Pickford into the net.Rooney was given a warm ovation before kick off from the United fans, some of whom held up banners saying “Red Legend”, but it was not a memorable afternoon for the 31-year-old former England skipper.After 20 minutes he slid a left-foot shot wide of the post and in the second half he shot straight at United keeper David de Gea from close range, while Gylfi Sigurdsson was also denied by the Spaniard.Juan Mata struck the post for United with a left-foot free kick before Lukaku, who wasted a good chance in the first half, set up Mkhitaryan after 83 minutes to slide in United’s second — the move stemming from a mistake by Ashley Williams.Lukuku joyfully rammed home his fifth league goal of the season as the game moved into stoppage time before former United player Morgan Schneiderlin handled in the area and substitute Martial tucked away the penalty.