LPS Finds More Than Six Million U.S. Properties Delinquent or in Foreclosure
That is an astonishing amount of properties delinquent and/or in foreclosure. If you, or anyone you know is struggling with the mortgage or are upside down, please contact us today at (623) 237-9761 to discuss the many options that are available to help you avoid foreclosure.
Fri, 2011-10-21 16:31 — From NationalMortgag…
Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, has reported its “first look” at September 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.
►Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.09 percent
►Number of properties that are 30 or more days delinquent or in foreclosure: 6,373,000
►Month-over-month change in delinquency rate: -0.5 percent
►Year-over-year change in delinquency rate: -12.7 percent
►Total U.S foreclosure pre-sale inventory rate: 4.18 percent
►Month-over-month change in foreclosure presale inventory rate: 1.7 percent
►Year-over-year change in foreclosure presale inventory rate: 8.9 percent
►Number of properties that are 30 or more days past due, but not in foreclosure: 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: 2,172,000
►States with highest percentage of non-current loans: Florida, Mississippi, Nevada, New Jersey and Illinois
►States with the lowest percentage of non-current loans: Montana, Alaska, Wyoming, South Dakota and North Dakota
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