The WPJ
Residential Real Estate News
U.S. Foreclosures Increase in September, Loan Delinquency Rates Decline
According to Lender Processing Services' "first look" month-end mortgage performance statistics report for September 2011, delinquency rates dipped as foreclosures increased.
This data is derived from their loan-level database of nearly 40 million U.S. mortgage loans.
LPS Report Highlights include:
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.09%
- Month-over-month change in delinquency rate: -0.5%
- Year-over-year change in delinquency rate: -12.7%
- Total U.S foreclosure pre-sale inventory rate: 4.18%
- Month-over-month change in foreclosure presale inventory rate: 1.7%
- Year-over-year change in foreclosure presale inventory rate: 8.9%
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,202,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,844,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,172,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,373,000
- States with highest percentage of non-current loans: FL, MS, NV, NJ, IL
- States with the lowest percentage of non-current loans: MT, AK, WY, SD, ND
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