Mortgage delinquencies decline; foreclosure starts accelerate

Dennis Norman

A report published by Lender Processing Services (LPS) analyzing homeowner’s performance on their mortgages as of August 2010 shows that mortgage delinquencies continue to decline however are still at very high levels versus historical norms. At the same time however, foreclosure starts continue to accelerate.

Highlights from the report..

  • In August, 9.22 percent of all mortgages in the U.S. were delinquent, down from 9.33 percent in July and down 14.3 percent from the year before. Once foreclosures are added to the delinquencies the total non-current loans in August was 13.02 percent of all mortgages, down slightly from 13.08 percent in July.
  • States with the highest rates of foreclosure starts are also experiencing extremely high rates of new seriously delinquent loans.
  • Overall, new seriously delinquent loans have been declining, in January 2009, the percent of seriously delinquent loans that were current six months prior peaked at 2.92 percent vs. 1.65 percent in August 2010.

 

Print Friendly, PDF & Email

4 comments to Mortgage delinquencies decline; foreclosure starts accelerate

  • … [Trackback]

    […] Find More to that Topic: stlouisrealestatenews.com/foreclosure/mortgage-delinquencies-decline-foreclosure-starts-accelerate/ […]

  • … [Trackback]

    […] There you will find 79068 additional Info to that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/mortgage-delinquencies-decline-foreclosure-starts-accelerate/ […]

  • … [Trackback]

    […] Information on that Topic: stlouisrealestatenews.com/investment-foreclosures/foreclosure/mortgage-delinquencies-decline-foreclosure-starts-accelerate/ […]

  • Hey just wanted to give you a quick heads up. The words in your content
    seem to be running off the screen in Ie. I’m not sure if this is a formatting issue or something
    to do with web browser compatibility but I figured I’d post to let you know.
    The layout look great though! Hope you get the problem fixed soon. Many thanks

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>