November Data Shows Increase In Delinquencies

The total rate of loans 30 or more days past due but not in foreclosure rose to 8.15% in November, according to Lender Processing Services' (LPS) ‘first look‘ report, which reviews month-end performance data derived from LPS' mortgage database.

The 8.15% delinquency rate reflects a month-over-month increase of 2.7% but a year-over-year decrease of 9.6%, LPS says. In all, there were approximately 4.14 million properties at least 30 days past due but not in foreclosure, including nearly 1.81 million properties that were more than 90 days delinquent.

The total U.S. foreclosure pre-sale inventory rate at the end of November stood at 4.16% – down 3% from one month before and up 2% from November 2010. More than 2.1 million properties comprised the pre-sale inventory at the end of the month, LPS says.

LPS will release its full, month-end report for November on Jan. 10, 2012.

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