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U.S. Delinquency Rate Hits 6.28 Percent in October

NationalMortgageProfessional.com
Nov 22, 2013

Lender Processing Services Inc. (LPS) has reported the following "first look" at October 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 6.28 percent, while the month-over-month change in delinquency rate was -2.80 percent. The year-over-year change in delinquency rate was -10.69 percent. The total U.S. foreclosure pre-sale inventory rate was 2.54 percent in October. The month-over-month change in foreclosure presale inventory rate was at -3.23 percent. The year-over-year change in foreclosure presale inventory rate was -29.61 percent. The number of properties that are 30 or more days past due, but not in foreclosure was at 3,152,000. The number of properties that are 90 or more days delinquent, but not in foreclosure: 1,283,000. The number of properties in foreclosure pre-sale inventory was 1,276,000. The number of properties that are 30 or more days delinquent or in foreclosure hit 4,427,000 nationwide. The states with highest percentage of non-current loans were Mississippi, Florida, New Jersey, New York and Louisiana. The states with the lowest percentage of non-current loans include Colorado, Montana, South Dakota, Alaska and North Dakota.
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