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Total Delinquency Rate Nationwide Hits 6.68 Percent in June

NationalMortgageProfessional.com
Jul 25, 2013

Lender Processing Services Inc. (LPS) has reported the following "first look" at June 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) stood at 6.68 percent, with a month-over-month change in delinquency rate of 9.91 percent, and a year-over-year change in delinquency rate of -6.50 percent. The total U.S. foreclosure pre-sale inventory rate was 2.93 percent, and the month-over-month change in foreclosure presale inventory rate was -3.92 percent, with a year-over-year change in foreclosure presale inventory rate of -28.40 percent. The number of properties that were 30 or more days past due, but not in foreclosure stood at 3,328,000 in June, while the number of properties that are 90 or more days delinquent, but not in foreclosure stood at 1,345,000, while the number of properties in foreclosure (pre-sale inventory) was 1,458,000. The number of properties that were 30 or more days delinquent or in foreclosure was 4,785,000. The states with highest percentage of non-current loans were Florida, Mississippi, New Jersey, New York and Maine, while the states with the lowest percentage of non-current loans were Wyoming, Montana, Alaska, South Dakota and North Dakota.
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