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 decreased 0.1 percent in May from the month before and down over 18 percent from the year before. Other good news in the report is the U.S. foreclosure pre-sale inventory rate declined 0.7 percent from the month before.
| Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): | 7.96% | |
| Month-over-month change in delinquency rate: | -0.1% | |
| Year-over-year change in delinquency rate: | -18.3% | |
| Total U.S. foreclosure pre-sale inventory rate: | 4.11% | |
| Month-over-month change in foreclosure presale inventory rate: | -0.7% | |
| Year-over-year change in foreclosure presale inventory rate: | 12.3% | |
| Number of properties that are 30 or more days past due, but not in foreclosure: (A) | 4,187,000 | |
| Number of properties that are 90 or more days delinquent, but not in foreclosure: | 1,921,000 | |
| Number of properties in foreclosure pre-sale inventory: (B) | 2,164,000 | |
| Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) | 6,350,000 | |
| States with highest percentage of non-current* loans: | FL, NV, MS, NJ, IL | |
| States with the lowest percentage of non-current* loans: | MT, WY, AK, SD, ND | |
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SOURCE:Lenders Processing Service (LPS) |
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