3 quick takeaways from the mortgage conference happening right now

3 quick takeaways from the mortgage conference happening right now

Tidbits from SourceMedia Mortgage Servicing conference

Stewart Information Services 1Q earnings suffer from mortgage reductions

Posts net loss of $12.1 million

New home sales plummet 14.5% in March

Spring buying season off with a whimper
W S

Mortgage delinquency rate grew 2.4% in July

/ Print / Reprints /
| Share More
/ Text Size+
The U.S. mortgage delinquency rate rose between June and July, while the nation's foreclosure pre-sale inventory rate edged down slightly. The delinquency rate for U.S. mortgages more than 30 days past due but not in foreclosure hit 8.34% in July, up 2.4% from the previous month, Lender Processing Services (LPS) said in its monthly First Look Mortgage Report. On a year-over-year basis,  the same delinquency rate fell to 10.4%, LPS said after studying 40 million loans in its database. The Jackonsville, Fla.-based mortgage technology and data analytics provider said 4.4 million properties were classified as more than 30 days past due last month, while 1.89 million were listed as more than 90 days past due. When looking at loans that are either 30 days or more delinquent or in foreclosure, the database has approximately 6.5 million mortgages that fit that criteria. States with the most delinquent loans included Florida, Mississippi, Nevada, New Jersey and Illinois, while Montana, Wyoming, Alaska, South Dakota and North Dakota had the fewest non-current loans. The total U.S. foreclosure pre-sale inventory rate hit 4.11% in July, a 9.7% surge from last year, but a slight o.4% decline from June. Write to: Kerri Panchuk.

Recent Articles by Kerri Panchuk

Comments powered by Disqus