Skip to main content

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.
Published
Jul 25, 2013
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Sep 29, 2023
Layoffs At Better.com

After a rocky market debut, Better.com has laid off staff.

Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Sep 11, 2023