Foreclosure Inventory Down But Mortgage Delinquencies Indicate This

By Dennis Norman, on January 14th, 2013

The good news is the U.S. foreclosure inventory for November was at 3.51 percent of all home loans in November, a decline of 2.84 percent from the month before and the bad news is mortgage delinquencies (the ?leading indicator? of foreclosures) rose in November 1.2 percent from October and are up 3.7 percent since August,? according to the November Mortgage Monitor report released by Lender Processing Services.

Total U.S. loan delinquency rate:	7.12%
Month-over-month change in delinquency rate:	1.2%
Total U.S. foreclosure pre-sale inventory rate:	3.51%
Month-over-month change in foreclosure pre-sale inventory rate:	-2.84 %
States with highest percentage of non-current* loans:	FL, NJ, MS, NV, NY
States with the lowest percentage of non-current* loans:	MT, WY, SD, AK, ND

Related posts:

1. Mortgage Delinquencies and Foreclosure Inventory Decrease In May
2. Mortgage delinquencies and foreclosure inventory increase in June
3. Mortgage delinquencies increase in November; ? Foreclosures decline from month before
4. Mortgage delinquencies decline in October; ? Foreclosures on the rise
5. Mortgage delinquencies increase for second-consecutive month

Source: http://realestateconsumernews.com/foreclosures/foreclosure-inventory-down-but-mortgage-delinquencies-indicate-this-may-be-temporary/

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