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St. Louis Real Estate Search

 

Mortgage Delinquencies Increase in April

A “first-look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data, shows mortgage delinquencies increased 2.4 percent in April, changing the downward trend we have seen in the prior few months. The good news in this report is that the U.S. foreclosure pre-sale inventory rate declined 1.6 percent from the month before.

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: 2.4%
Year-over-year change in delinquency rate: -16.3%
Total U.S. foreclosure pre-sale inventory rate: 4.14%
Month-over-month change in foreclosure presale inventory rate: -1.6%
Year-over-year change in foreclosure presale inventory rate: 12.7%
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,204,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,961,000
Number of properties in foreclosure pre-sale inventory: (B) 2,184,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,388,000
States with highest percentage of non-current* loans: FL, NV, MS, NJ, GA
States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND
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