Mortgage Delinquencies Rise Slightly in April, Down 10 Percent from Last Year
Mortgage Delinquencies Rise Slightly in April, Down 10 Percent from Last Year
Mortgage Delinquencies Rise Slightly in April, Down 10 Percent from Last Year
Helpful
Tools
Mortgage
Calculator

Estimate your monthly payment for a home purchase or refinance
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about mortgage loans to find the one that's right for you
15 Year vs 30 Year
Loan Comparison

Compare payments between a 15 year and 30 year mortgage loan
Today's Mortgage
Rates

See today's current mortgage rates. Shop, compare and save.

May 22, 2012 (Shirley Allen)

Mortgage delinquencies increased for the first time in nine months in April, rising by a modest 0.03 percentage points, but still remained over ten percent below where they were a year ago according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The percentage of loans that were 30 days or more past due, but not yet in foreclosure, increased from 7.09 percent in March to 7.12 percent in April, the first increase in the delinquency rate in nine months. The delinquency rate was 10.6 percent lower than what it was in April 2011.

The foreclosure inventory decreased in April to a total of 2.048 million properties, down from 2.060 million properties in March, a decline of 12,000 properties. The foreclosure inventory was virtually unchanged compared to a year ago.

The number of properties in the shadow inventory also declined, falling from 1.643 million properties in March to 1.595 million properties in April, a decrease of 48,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 5.591 million in March to 5.570 million in April, a decline of 0.4 percent.

The “First Look” report contains highlights of the company’s forthcoming Mortgage Monitor report which will provide a more in-depth review including an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations.

Early highlights of the report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.12% compared to 7.09% in March 2012

Month-over-month change in delinquency rate: 0.4% compared to -6.3% in March 2012

Year-over-year change in delinquency rate: -10.6% compared to -8.8% in March 2011

Total U.S foreclosure pre-sale inventory rate: 4.14% compared to 4.14% in March 2012

Month-over-month change in foreclosure presale inventory rate: 0.0% compared to –0.1% in March 2012

Year-over-year change in foreclosure presale inventory rate: 0.0% compared to -1.6% in March 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,522,000 compared to 3,531,000 in March 2012

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,595,000 compared to 1,643,000 in March 2012

Number of properties in foreclosure pre-sale inventory: (B) 2,048,000 compared to 2,060,000 in March 2012

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,570,000 compared to 5,591,000 in March 2012

States with highest percentage of non-current* loans: FL, MS, NJ, NV, IL (FL, MS, NV, NJ, IL in March 2011)

States with the lowest percentage of non-current* loans: MT, AK, SD, WY, ND (MT, AK, SD, WY, ND in March 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools
Mortgage
Calculator

Estimate your monthly mortgage payment
Auto Loan
Calculator

Determine how much car you can afford before buying
Learn About
Mortgage Loans

Learn about the different types of home loans
15 Year vs 30 Year
Loan Comparison

Compare 15 year and 30 year mortgage loans
Todays Mortgage
Rates

See today's mortgage rates. Shop, compare and save.

May 22, 2012 (Shirley Allen)

Mortgage delinquencies increased for the first time in nine months in April, rising by a modest 0.03 percentage points, but still remained over ten percent below where they were a year ago according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The percentage of loans that were 30 days or more past due, but not yet in foreclosure, increased from 7.09 percent in March to 7.12 percent in April, the first increase in the delinquency rate in nine months. The delinquency rate was 10.6 percent lower than what it was in April 2011.

The foreclosure inventory decreased in April to a total of 2.048 million properties, down from 2.060 million properties in March, a decline of 12,000 properties. The foreclosure inventory was virtually unchanged compared to a year ago.

The number of properties in the shadow inventory also declined, falling from 1.643 million properties in March to 1.595 million properties in April, a decrease of 48,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 5.591 million in March to 5.570 million in April, a decline of 0.4 percent.

The “First Look” report contains highlights of the company’s forthcoming Mortgage Monitor report which will provide a more in-depth review including an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations.

Early highlights of the report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.12% compared to 7.09% in March 2012

Month-over-month change in delinquency rate: 0.4% compared to -6.3% in March 2012

Year-over-year change in delinquency rate: -10.6% compared to -8.8% in March 2011

Total U.S foreclosure pre-sale inventory rate: 4.14% compared to 4.14% in March 2012

Month-over-month change in foreclosure presale inventory rate: 0.0% compared to –0.1% in March 2012

Year-over-year change in foreclosure presale inventory rate: 0.0% compared to -1.6% in March 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,522,000 compared to 3,531,000 in March 2012

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,595,000 compared to 1,643,000 in March 2012

Number of properties in foreclosure pre-sale inventory: (B) 2,048,000 compared to 2,060,000 in March 2012

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,570,000 compared to 5,591,000 in March 2012

States with highest percentage of non-current* loans: FL, MS, NJ, NV, IL (FL, MS, NV, NJ, IL in March 2011)

States with the lowest percentage of non-current* loans: MT, AK, SD, WY, ND (MT, AK, SD, WY, ND in March 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
HOW LOANRATENETWORK
LOAN CENTER WORKS
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Helpful Tools

May 22, 2012 (Shirley Allen)

Mortgage delinquencies increased for the first time in nine months in April, rising by a modest 0.03 percentage points, but still remained over ten percent below where they were a year ago according to the latest “First Look” Mortgage Report released by Lender Processing Services (LPS).

The percentage of loans that were 30 days or more past due, but not yet in foreclosure, increased from 7.09 percent in March to 7.12 percent in April, the first increase in the delinquency rate in nine months. The delinquency rate was 10.6 percent lower than what it was in April 2011.

The foreclosure inventory decreased in April to a total of 2.048 million properties, down from 2.060 million properties in March, a decline of 12,000 properties. The foreclosure inventory was virtually unchanged compared to a year ago.

The number of properties in the shadow inventory also declined, falling from 1.643 million properties in March to 1.595 million properties in April, a decrease of 48,000 properties.

The total number of properties that were either delinquent or in foreclosure declined from 5.591 million in March to 5.570 million in April, a decline of 0.4 percent.

The “First Look” report contains highlights of the company’s forthcoming Mortgage Monitor report which will provide a more in-depth review including an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations.

Early highlights of the report include:

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.12% compared to 7.09% in March 2012

Month-over-month change in delinquency rate: 0.4% compared to -6.3% in March 2012

Year-over-year change in delinquency rate: -10.6% compared to -8.8% in March 2011

Total U.S foreclosure pre-sale inventory rate: 4.14% compared to 4.14% in March 2012

Month-over-month change in foreclosure presale inventory rate: 0.0% compared to –0.1% in March 2012

Year-over-year change in foreclosure presale inventory rate: 0.0% compared to -1.6% in March 2011

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,522,000 compared to 3,531,000 in March 2012

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,595,000 compared to 1,643,000 in March 2012

Number of properties in foreclosure pre-sale inventory: (B) 2,048,000 compared to 2,060,000 in March 2012

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,570,000 compared to 5,591,000 in March 2012

States with highest percentage of non-current* loans: FL, MS, NJ, NV, IL (FL, MS, NV, NJ, IL in March 2011)

States with the lowest percentage of non-current* loans: MT, AK, SD, WY, ND (MT, AK, SD, WY, ND in March 2011)

*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

Tags: LPS, mortgage delinquency rate, foreclosure inventory, non-current loans

Source:
LPS

HOW LOANRATENETWORK
LOAN CENTER WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateNetwork and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
LOANRATENETWORK
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.