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LPS Says Foreclosures Are Dominated by GSEs, Private Foreclosures Are Falling

realpropertycheck.com November 3, 2010

LPS Says Foreclosures Are Dominated by GSEs, Private Foreclosures Are Falling

According to a recent study by Lender Processing Services, foreclosure starts continue to be dominated by GSEs (Government Sponsored Enterprises). However, GNMA (or Ginnie Mae, Government National Mortgage Association) activity is almost negligible. GNMA is a government-owned agency which acts as a secondary market conduit for FHA and VA loans.

GSEs dominate foreclosures
GSEs dominate foreclosures

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Filed Under: The Economy Tagged With: FHA, foreclosures, GNMA, GSEs, VA

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bankruptcy building wealth in real estate code violations commercial real estate contingency clause deed deed in lieu of foreclosure delinquent loans double-dip Fannie Mae featured FHA foreclosure foreclosures Frank-Dodd bill Freddie Mac GNMA GSEs HAMP HARP home prices homestead IRS junior lien lease option lien loan modifications lot number mortgage mortgage originator no-docs loans notice of commencement phantom profits REO residential robo-signing Robo Gate second liens second mortgage seller financing taxes title company title insurance unsold inventory Zillow

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