Number of U.S. Mortgages Going Unpaid = 4,594,000 Lender Processing Services provided the media with a first look at the companys mortgage performance statistics for the month of September. The industrys foreclosure inventory continued its downward trend, and while delinquencies were up slightly from the previous month, they were down when comparing the numbers year-over-year. LPS counts a total of 3,266,000 mortgages nationwide that are 30 or more days past due but not yet in foreclosure. That tally represents 6.46 percent of all outstanding mortgages. Septembers delinquency rate is 4.23 percent higher than the rate reported for August, but remains 12.63 percent below September 2012s rate. Of the more than 3 million delinquent loans, LPS says 1,331,000 have missed at least three payments but havent started the foreclosure process. Another 1,328,000 mortgages are currently winding their way through foreclosure pipelines, according to LPS data. That total puts the nations pre-sale foreclosure inventory at 2.63 percent in September, down 1.29 percent from the month prior and down 32.18 percent from last year. All-in-all, there are 4,594,000 mortgages going unpaid in the United States. Comparatively speaking, the nations non-current total stood at 5,640,000 in September 2012.
Posted on: Fri, 25 Oct 2013 16:55:38 +0000
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