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Email not displaying correctly? View it in your browser. Non-Current Mortgages Hit Record High 13.2%: LPS One in every 7.5 homeowners with a mortgage is either behind on their payments or in foreclosure, Lender Processing Services (LPS) said Monday. That's a record high 13.2 percent of the nation's home loans. LPS' December Mortgage Monitor analyzes 40 million residential mortgages across the spectrum of credit products, and it paints a dismal picture of loan performance. The total delinquency rate, excluding foreclosures, represents a 21 percent increase over a year ago. Foreclosure inventories are up a staggering 81 percent. FDIC Finds Buyer for $1 Billion in Troubled Commercial Loans As receiver of the nation's collapsed banks, many of which have folded under the weight of bad real estate deals, the FDIC has amassed a vast portfolio of distressed mortgages. But in the financial world, one company's downfall can be another's opportunity, and a number of firms are jumping at the chance to get their hands on these loans. Colony Capital has beat out 20 other bids for a $1 billion portfolio of commercial mortgages from the FDIC, 70 percent of which are delinquent. Las Vegas Real Estate Posts 2009 Positives Despite Recession According to newly released statistics, the hard-hit Las Vegas real estate market is poised for a comeback. Data compiled by the Greater Las Vegas Association of Realtors (GLVAR) and the locally-based real estate firm Prudential Americana Group show that approximately 95,000 transactions, or an estimated 47,500 home sales, were made there in 2009, with a growing number of short sales and a shrinking REO supply. Commercial Property Owners Prepare for Expected Collapse of Commercial Real Estate Market The residential property market has slowly made progress toward recovery, but the commercial real estate market isn't off the hook. As predictions appear universally bleak, many real estate experts continue to expect a steep decline in this market. "The last several years have seen liberal lending in the commercial market," said Thomas Bible, broker for VIP Executive Realty in Florida. "Though not as pervasive or severe as in the residential market, this reckless lending is possibly more threatening to our economy." You are receving this email because you opted in at our website dsnews.com or attended a Five Star Conference. Unsubscribe roballey.434-974-5586@blogger.com from this list. Corporate Office: DS News 1909 Woodall Rodgers Suite 300 Dallas, TX 75201 Add us to your address book Washington Bureau: 1101 Pennsylvania Avenue NW Suite 600 Washington, D.C. 20004 Copyright (C) 2009 DS News All rights reserved. Forward this email to a friend Update your profile QUICK LINKS DSNews.com DS News' Red Book DS News' Black Book 2009 Five Star Conference DARE