LPS Previews June Foreclosure Data

by devteam July 26th, 2012 | Share

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.

All Content Copyright © 2003 – 2009 Brown House Media, Inc. All Rights Reserved.nReproduction in any form without permission of is prohibited.

About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

See all blogs


Leave a Comment

Leave a Reply

Latest Articles

Real Estate Investors Skip Paying Loans While Raising Billions

By John Gittelsohn August 24, 2020, 4:00 AM PDT Some of the largest real estate investors are walking away from Read More...

Late-Stage Delinquencies are Surging

Aug 21 2020, 11:59AM Like the report from Black Knight earlier today, the second quarter National Delinquency Survey from the Read More...

Published by the Federal Reserve Bank of San Francisco

It was recently published by the Federal Reserve Bank of San Francisco, which is about as official as you can Read More...