twitter linkedin
facebook google+

Mortgage News

News by Subject
Complete list of specialty news sections.

Purchase Subscription
Subscribe to and get immediate access to all news, statistics and archives.

Mortgage Advertising
Reach mortgage executives, loan originators and other people tied to mortgage industry.

Consumer Mortgage News
Free mortgage news for prospective borrowers.

Mortgage Newsletter
Free e-mail newsletter with the latest headlines from

Mortgage News Reprints
Put entire stories in your online or printed newsletter or publication.

Mortgage Feedget RSS code
Condensed stories free on your Web site or for your RSS reader.

News Archives
Archive of stories by month going back to 1999.

Press Releases
Reports and announcements from

Mortgage Statistics
Data and statistics for real estate finance.

Mortgage Directories
Directories of lenders, branch operators and mortgage service providers.

Mortgage Graphs
Directories of lenders, branch operators and mortgage service providers.

home subscribe advertise reprints e-mail help RSS about us LOG IN

Mortgage News


Mortgage News

HOT Topics









site map
Servicing News | Servicer Ranking | Delinquency Statistics
Stories about mortgage servicers, delinquency and f o r e c l o s u r e s. Coverage of servicing lawsuits and loan servicing technology.

Delinquency Sees Sustained Improvement

Non-current mortgage delinquency down 26 BPS in February

March 26, 2013

By Mortgage Daily staff

The proportion of residential loans that were considered to be non-current has declined for five consecutive months. The latest month saw improvement in both the past-due rate and the foreclosure pre-sale inventory rate.

Residential delinquency of at least 30 days, including the foreclosure pre-sale inventory, was 10.18 percent as of Feb. 28.

The 30-day rate improved from the previous month, when delinquency was 10.44 percent. Delinquency has been down each month since September 2012, when the rate was 11.27 percent.

Improvement was been made from a year earlier, when the total delinquency rate was 11.70 percent.

The statistics were reported by Lender Processing Services Inc., which says its loan-level database represents around 70 percent of the overall mortgage market.

The states with the highest delinquency levels were Florida, New Jersey, Mississippi, Nevada and New York.

The states with the lowest rate of non-current loans were Montana, Alaska, Wyoming, South Dakota and North Dakota.

Reflected in the total U.S. delinquency rate was a 30-day rate, excluding foreclosures, of 6.80 percent.

Thirty-day delinquency declined from 7.03 as of Jan. 31 and 7.57 percent at the same point in 2012.

There were 3,410,000 properties classified as 30 days past due in the most recent report.

The foreclosure pre-sale inventory was 1,694,000 properties as of Feb. 28, putting the rate at 3.38 percent.

The prior month's inventory rate was 3.41 percent, while it stood at 4.13 percent as of Feb. 29, 2012.

next story

back to current headlines

Logout forgot

SUBSCRIBERS: Edit Subscription | Subscription Help | or call 214.521.1300

Subscribe Contact Us Site Map

Copyright © 2017 Mortgage Daily, D a l l a s
Subsribers Only:

AMC directory

ARM indexes

mortgage company directory

mortgage regulations

net branch directory

p r i c i n g engine directory

wholesale lender directory

More Mortgage News Resources (full site map):

advertising news

appraisal news

bank news

biggest lenders

commercial mortgage news

corporate mortgage news

credit news

FHA news

financial regulation news

foreclosure news

GSE news

jumbo mortgage news

interest rates

loan modification news

loan originator survey

LOS Newsletter


mortgage associations

mortgage-backed securities

mortgage books

mortgage brokers

mortgage compliance

mortgage conferences

mortgage directories

mortgage education

mortgage employment

mortgage employment index

mortgage executives

mortgage fraud

mortgage fraud blog

mortgage fraud local news

Mortgage Fraud Index

Mortgage Graveyard

mortgage insurance news

mortgage lawsuits

mortgage leads

mortgage lender ranking

mortgage licenses

mortgage litigation

Mortgage Litigation Index

Mortgage Market Index

mortgage mergers

mortgage news

mortgage politics

mortgage press releases

mortgage production

mortgage public relations

mortgage rates

mortgage servicing

mortgage statistics

mortgage technology

mortgage video

mortgage Webinars

net branch

net branch directory

nonprime news

origination news

originator tools

real estate news

refinance news

reverse mortgage news

secondary marketing

social media

servicing news

subprime news

wholesale lenders