Nationwide Delinquency Rate Hits 6.21 Percent in April – NMP Skip to main content

Nationwide Delinquency Rate Hits 6.21 Percent in April

NationalMortgageProfessional.com
May 23, 2013

Lender Processing Services Inc. (LPS) has reported the following "first look" at April 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 6.21 percent, while the month-over-month change in delinquency rate was -5.81 percent.  The year-over-year change in delinquency rate stood at -9.61 percent, and the total U.S. foreclosure pre-sale inventory rate hit 3.17 percent. The month-over-month change in foreclosure presale inventory rate of -5.83 percent. The year-over-year change in foreclosure presale inventory rate was a very large dip of -24.55 percent. The number of properties that are 30 or more days past due, but not in foreclosure was 3,111,000 nationwide. The number of properties that are 90 or more days delinquent, but not in foreclosure stood at 1,394,000. The number of properties in foreclosure pre-sale inventory stood at 1,588,000, while the number of properties that were 30 or more days delinquent or in foreclosure stood at 4,699,000. The states with highest percentage of non-current loans included Florida, New Jersey, Mississippi, Nevada and New York. The states with the lowest percentage of non-current loans included Montana, Wyoming, Alaska, South Dakota and North Dakota.
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