After rising in May, the rate of mortgage delinquencies and foreclosures fell in June. Some 9.39% of all loans were 30 days or more past due, down from 9.54% in May, according to LPS Applied Analytics, which tracks loan data. An additional 3.69% of mortgages were in some stage of foreclosure, down from 3.72% in May and the record high of 3.81% in March.
Mortgage delinquencies fall in June
Most Popular Articles
Latest Articles
Opinion: More can be done to shorten the average time to close
As the title industry finally tries to automate its core processes, it’s time to address some of the more granular chokepoints.