The WPJ
Residential Real Estate News
January Sees a Rise in U.S. Home Foreclosure Inventories as Delinquency Rate Declines
Jacksonville-based Lender Processing Services, Inc (NYSE: LPS) is reporting this week that the U.S. loan delinquency rate is now 8.9%. This data is derived from their database of nearly 40 million mortgage loans.
January 2010 Report Highlights Include:
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.90%
- Month-over-month change in delinquency rate: -0.8%
- Year-over-year change in delinquency rate: -18.8%
- Total U.S foreclosure pre-sale inventory rate: 4.16%
- Month-over-month change in foreclosure presale inventory rate: 0.2%
- Year-over-year change in foreclosure presale inventory rate: 7.9%
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,719,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,168,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,203,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,922,000
- States with highest percentage of non-current loans: FL, NV, MS, GA, NJ
- States with the lowest percentage of non-current loans: MT, WY, AK, SD, ND
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