The WPJ
Residential Real Estate News
March Loan Report Shows a Decline in U.S. Mortgage Delinquency Rates, Rise in Foreclosure Inventories
According to Lender Processing Services (LPS), a provider of data and analytics to the mortgage and real estate industries, the U.S. homeowners posted a decline in mortgage loan delinquency rates in March based on statistics derived from its loan-database of nearly 40 million mortgage loans.
Key Report Highlights
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.78%
- Month-over-month change in delinquency rate: -11.6%
- Year-over-year change in delinquency rate: -19.4%
- Total U.S foreclosure pre-sale inventory rate: 4.21%
- Month-over-month change in foreclosure presale inventory rate: 1.4%
- Year-over-year change in foreclosure presale inventory rate: 11.0%
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,111,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,989,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,222,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,333,000
- 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
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