Mortgage Loans - New Data Reveals Increase in Delinquencies

Lender Processing Services, Inc., which is a provider of integrated technology, data and analytics to the mortgage and real estate industry, recently released its “first look” mortgage report for the month of September. The report indicates that the total U.S. delinquency rate as well as the total U.S. foreclosure pre-sale inventory rate had increased since the previous month. The data and statistics included the this mortgage report were obtained from a database comprised of more than 40 million mortgage loans, which is maintained by Lender Processing Services Inc.

The total U.S. loan delinquency rate, which is defined as the number of home loans across the United States which are over 30 days past due but not yet in foreclosure, was found to have increased by 0.6% over the previous month’s figures to 9.27%, with the number of home loans falling into this category being estimated to be around 4,963,000.

The total U.S. foreclosure pre-sale inventory rate was also found to have increased since last month to 3.84%, whilst the number of properties in foreclosure pre-sale inventory was estimated to be around 2,055,000. The report also indicated that FL, NV, MS, GA, LA had the highest percentage of non-current loans, whilst the MT, WY, AK, SD, ND had the lowest percentage of non-current home loans in the United States.