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Total U.S. Delinquency Rate Hits 6.45 Percent in November

nationalmortgageprofessional.com | December 27, 2013

Lender Processing Services Inc. (LPS) has reported the following “first look” at November 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. In November, total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 6.45 percent. The month-over-month change in delinquency rate was 2.63 percent, while the year-over-year change in delinquency rate stood at -9.41 percent.

Total U.S. foreclosure pre-sale inventory rate was 2.50 percent. The month-over-month change in foreclosure presale inventory rate was -1.72 percent, and the year-over-year change in foreclosure presale inventory rate hit -28.81 percent.

The number of properties that are 30 or more days past due, but not in foreclosure was 3,241,000, while the number of properties that were 90 or more days delinquent, but not in foreclosure hit 1,283,000. The number of properties in foreclosure pre-sale inventory stood at 1,256,000. The number of properties that were 30 or more days delinquent or in foreclosure hit 4,497,000 in November.

The states with highest percentage of non-current loans were Mississippi, New Jersey, Florida, New York and Louisiana. The states with the lowest percentage of non-current loans were Colorado, Montana, Alaska, South Dakota and North Dakota.

 

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CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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