The WPJ
Residential Real Estate News
Loan Delinquency Rates in U.S. Increased in April, Foreclosure Inventories Declined
According to Lender Processing Services (NYSE:LPS) First Look Report for April 2011, loan delinquency rates in U.S. increased in April as foreclosure inventories declined. These April month-end mortgage performance statistics are derived from LPS' loan-level database of nearly 40 million mortgage loans in the U.S.
Key highlights of LPS report include;
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.97%
- Month-over-month change in delinquency rate: 2.4%
- Year-over-year change in delinquency rate: -16.3%
- Total U.S foreclosure pre-sale inventory rate: 4.14%
- Month-over-month change in foreclosure presale inventory rate: -1.6%
- Year-over-year change in foreclosure presale inventory rate: 12.7%
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,204,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,961,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,184,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,388,000
- States with highest percentage of non-current loans: FL, NV, MS, NJ, GA
- States with the lowest percentage of non-current loans: MT, WY, AK, SD, ND
Real Estate Listings Showcase
This website uses cookies to improve user experience. By using our website you consent in accordance with our Cookie Policy. Read More