Mortgage delinquencies decline in October;   Foreclosures on the rise

The U.S. mortgage loan delinquency rate was 7.93 percent of all home loans in October, down 2.0 percent from the month before and down a whopping 14.6 percent from a year ago, according to the “First-Look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data. The foreclosure rate, on the other hand, was 4.29 percent in October, a 2.5 percent increase from the month before and a 9.4 percent increase from a year ago.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure):  

7.93%

Month-over-month change in delinquency rate: -2.0%
Year-over-year change in delinquency rate: -14.6%
Total U.S foreclosure pre-sale inventory rate: 4.29%
Month-over-month change in foreclosure presale inventory rate: 2.5%
Year-over-year change in foreclosure presale inventory rate: 9.4%
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,088,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,759,000
Number of properties in foreclosure pre-sale inventory: (B) 2,210,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,298,000
States with highest percentage of non-current* loans: FL, MS, NV, NJ, IL
States with the lowest percentage of non-current* loans: MT, WY, SD, AK, ND

Source: LPS “First Look” Mortgage Report, October, 2011

Print Friendly, PDF & Email

13 comments to Mortgage delinquencies decline in October;   Foreclosures on the rise

  • Do you have a spam problem on this blog; I also am a blogger, and I was curious about your situation; we have developed some nice practices and we are looking to exchange solutions with other folks, why not shoot me an e-mail if interested.

  • At this time it looks like Expression Engine is the preferred blogging platform available right now. (from what I’ve read) Is that what you are using on your blog?

  • Hi, Neat post. There is a problem with your web site in internet explorer, would test this… IE still is the market leader and a large portion of people will miss your excellent writing due to this problem.

  • … [Trackback]

    […] Information to that Topic: stlouisrealestatenews.com/st-louis-foreclosures/mortgage-delinquencies-decline-in-october-foreclosures-on-the-rise/ […]

  • Hey There. I found your blog using msn. This is a very well written article. I’ll make sure to bookmark it and come back to read more of your useful info. Thanks for the post. I’ll definitely return.

  • I conceive other website proprietors should take this internet site as an model, very clean and fantastic user genial design and style.

  • Wow! Thank you! I permanently needed to write on my site something like that. Can I include a part of your post to my website?

  • so much excellent information on here, : D.

  • Hey are using WordPress for your blog platform? I’m new to the blog world but I’m trying to get started and create my own. Do you need any html coding expertise to make your own blog? Any help would be really appreciated!

  • whoah this weblog is excellent i like studying your posts. Stay up the great paintings! You realize, many individuals are hunting around for this info, you can help them greatly.

  • I?¦ve read some excellent stuff here. Definitely price bookmarking for revisiting. I surprise how much attempt you place to create one of these excellent informative website.

  • Hi, i read your blog from time to time and i own a similar one and i was just curious if you get a lot of spam feedback? If so how do you protect against it, any plugin or anything you can advise? I get so much lately it’s driving me insane so any help is very much appreciated.

  • As a Newbie, I am permanently searching online for articles that can be of assistance to me. Thank you

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>