The WPJ
Residential Real Estate News
Foreclosure Starts in U.S. Uptick in January
According to Jacksonville-based Lender Processing Services "First Look" report for January 2012, foreclosure starts were on the rise in January. This data is derived from their 40 million U.S. loan database.
Here are key highlights of LPS's January 2019 First Look report:
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.97%
- Month-over-month change in delinquency rate: -2.2%
- Year-over-year change in delinquency rate: -10.5%
- Total U.S foreclosure pre-sale inventory rate: 4.15%
- Month-over-month change in foreclosure presale inventory rate: 1.1%
- Year-over-year change in foreclosure presale inventory rate: -0.1%
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,998,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,772,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,084,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,082,000
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