After five consecutive months of declines, the national delinquency rate-borrowers who are past due 30 days or more but not in foreclosure-zoomed 10 percent in June.
The increase, reported by Lender Processing Services in its June “First Look” Mortgage Report, found that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) is risen to 6.68 percent, a month-over-month change in delinquency rate of 9.91 percent. However, delinquencies are still 6.50 percent below the level of June 2012.
LPS also reported the following June data:
Total U.S. foreclosure pre-sale inventory rate: 2.93 percent
Month-over-month change in foreclosure presale inventory rate: -3.92 percent
Year-over-year change in foreclosure presale inventory rate: -28.40 percent
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,328,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,345,000
Number of properties in foreclosure pre-sale inventory: (B) 1,458,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
States with highest percentage of non-current* loans: FL, MS, NJ, NY, ME
States with the lowest percentage of non-current* loans: WY, MT, AK, SD, ND
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