Delinquencies have edged up in November, but still remain down over the year
Delinquencies have edged up in November, but still remain down over the year.
Preliminary numbers from Lender Processing Services (LPS_ show an increase in mortgage delinquencies. The company's November "First Look" mortgage report shows that 6.45% of mortgage loans in the U.S. aare 30 or more days past due (though not in foreclosure). The result is a 2.63% rise from October.
In spite of the rise, delinquencies remain 9.41% down on a year-over-year basis. The foreclosure presale inventory rate is also down, falling 1.72% from October to November and 28.81% year-over-year.
Preliminary numbers from Lender Processing Services (LPS_ show an increase in mortgage delinquencies. The company's November "First Look" mortgage report shows that 6.45% of mortgage loans in the U.S. aare 30 or more days past due (though not in foreclosure). The result is a 2.63% rise from October.
In spite of the rise, delinquencies remain 9.41% down on a year-over-year basis. The foreclosure presale inventory rate is also down, falling 1.72% from October to November and 28.81% year-over-year.
