Steve Jolly - The REO Expert for Greater Nashville

Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, announced its release of the July 2009 LPS Mortgage Monitor, an in-depth report of mortgage industry performance indicators based on data collected as of June 30, 2009.

Although market conditions remain challenging, several signs from this month’s report are early indications that the nation’s housing market may be turning a corner toward recovery. Positive indicators for June included:

 New delinquencies dropped to their second lowest level in the last year.
 The percentage of loans rolling to a more delinquent status declined across all product types.
 The gap between loans improving and loans deteriorating narrowed slightly.
 Total loan originations for the first half of 2009 were higher than 2008 levels for the same time.