Prime loan delinquencies escalate

New data flies in face of 'market stabilization' reports

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Earlier this year, while attending a mortgage industry technology gathering in California, I decided to attend a press conference put on by Lender Processing Services Inc.

While most consumers have never heard of LPS, this Jacksonville, Fla.-based technology firm probably has heard of you. That’s because its technology platform, in one form or another, is used by the 50 largest banks in the country.

Not only does LPS service loans, but its in-house economists have begun to extrapolate pertinent data points. And that caught my interest.