The total U.S. loan delinquency rate was 8.09% at the end of September, representing a month-over-month decrease of 0.5%, according to Lender Processing Services Inc.'s ‘first look’ report, which is derived from the company's loan-level database. Year-over-year, the delinquency rate fell 12.7%, LPS says.
The total U.S. foreclosure pre-sale inventory rate stood at 4.18% at the end of last month. That represents a month-over-month increase of 1.7% and a year-over-year gain of 8.9%.
According to LPS, approximately 6.37 million loans were either 30 or more days past due or in foreclosure at the end of September.