Game changer? Quicken Loans takes mortgage lending fully digital

Google launches mortgage comparison tool with Zillow

LendingTree will also bring mortgages to Google

Fannie Mae continues shifting credit risk to insurers

Completes fifth and sixth Credit Insurance Risk Transfer deals

LPS: Mortgage delinquencies decline in February

/ Print / Reprints /
| Share More
/ Text Size+

Mortgages at least 30 days past due dropped 5% in February from a month earlier and declined 14% from February 2011.

A preliminary look at monthly data from Lender Processing Services (LPS) showed those delinquent but nonforeclosure loans made up 7.57% of its database of 40 million loans. That's down from 7.97% in January.

U.S. foreclosure presale inventory dropped to 4.13%, or 2.07 million, of mortgages in February from 4.15% the month prior.

A total of 5.85 million loans were either in foreclosure or 30-plus days past due at the end of the month, down from 6.08 million in January.

States with the highest percentage of noncurrent mortgages remained unchanged month-to-month, with Florida, Mississippi, Nevada, New Jersey and Illinois on top. Lowest-percentage states also stayed the same, with Montana, Alaska, Wyoming, South Dakota and North Dakota leading the way.

LPS will release an in-depth look of its foreclosure data March 27. Click on below chart to expand.

(Source: LPS)


Recent Articles by Andrew Scoggin

Comments powered by Disqus