Foreclosure Inventory Hits Lowest Point in Five Years – NMP Skip to main content

Foreclosure Inventory Hits Lowest Point in Five Years

NationalMortgageProfessional.com
Apr 23, 2013

Lender Processing Services  Inc. (LPS) has reported the following "first look" at March 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) sttod at 6.59 percent, while the month-over-month change in delinquency rate was -3.13 percent. Year-over-year, the change in delinquency rate was -3.03 percent and the total U.S. foreclosure presale inventory rate hit 3.37 percent. The month-over-month change in foreclosure presale inventory rate dropped 0.41 percent, and the year-over-year change in foreclosure presale inventory rate dropped 19.61 percent. The number of properties that were 30 or more days past due, but not in foreclosure were 3,308,000 nationwide. The number of properties that were 90 or more days delinquent, but not in foreclosure was at 1,466,000 in March. The number of properties in foreclosure pre-sale inventory stood at 1,689,000, while the number of properties that were 30 or more days delinquent or in foreclosure dipped to 4,997,000. The states with highest percentage of non-current loans were Florida, New Jersey, Mississippi, Nevada and New York. The states with the lowest percentage of non-current loans were Montana, Alaska, Wyoming, South Dakota and North Dakota.
Published
Apr 23, 2013
Redfin 2Q Revenues Up, Profits Down

Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.

Industry News
Aug 05, 2022
Mutual of Omaha Mortgage Announces Wholesale Division

Loans available through its own platform and in partnership with ReadyPrice, LenderPrice, and Loansifter.

Industry News
Aug 05, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022
Rocket Companies' Earnings Plunge 94% In 2Q

Mortgage originations fell 59% year over year, while rate lock volume fell 65%.

Industry News
Aug 04, 2022
Remembering Steven Schnall, Quontic Bank CEO

Schnall died in a motorcycle accident while on his way back from a biking trip to Canada. 

Industry News
Aug 04, 2022