LPS Previews June Foreclosure Data
Lender Processing Services (LPS) has releasedrnpreliminary findings from its June MortgagernMonitor Report showing an increase in the national mortgage delinquencyrnrate of 3.4 percent between May and June to a new level of 7.14 percent. The figure includes all U.S. loans that are 30rnor more days past due, but not in foreclosure. rnThe rate 7.3 percent lower than in June 2011. </p
In actual numbers LPS said that 3.6rnmillion properties are 30 or more days past due and 1.6 million are 90 or morerndays past due but not yet in foreclosure and 2.06 million properties or a raternof 4.09 percent are in the pre-sale foreclosure inventory. On a percentage basis the pre-sale inventoryrnis down 2 percent month over month and 1 percent year-over-year.</p
The number of distressed homes -rndelinquent or in some stage of foreclosure – is now 5.66 million and the statesrnwith the highest percentage of non-current loans include Florida, Mississippi,rnNevada, New Jersey, and Illinois.</p
The full Mortgage Monitor report will bernissued in early August.
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