Friday, July 22, 2011

6.5 million US properties in delinquency or foreclosure

Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, has reported the following "first look" of June 2011 month-end mortgage performance statistics derived from its loan-level database of approximately 40 million mortgage loans.

►Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.15 percent

►Number of properties that are 30 or more days delinquent or in foreclosure:
6,452,000

►Month-over-month change in delinquency rate: 2.4 percent

►Year-over-year change in delinquency rate: -14.7 percent

►Total U.S foreclosure pre-sale inventory rate: 4.12 percent

►Month-over-month change in foreclosure presale inventory rate: 0.2 percent

►Year-over-year change in foreclosure presale inventory rate: 12.8 percent

►Number of properties that are 30 or more days past due, but not in foreclosure: 4,285,000

►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,906,000

►Number of properties in foreclosure pre-sale inventory: 2,167,000

►Number of properties that are 30 or more days delinquent or in foreclosure:
6,452,000 (more)

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