LPS Previews June Foreclosure Data

Lender Processing Services (LPS) has released preliminary findings from its June Mortgage Monitor Report showing an increase in the national mortgage delinquency rate of 3.4 percent between May and June to a new level of 7.14 percent.  The figure includes all U.S. loans that are 30 or more days past due, but not in foreclosure.  The rate 7.3 percent lower than in June 2011.

In actual numbers LPS said that 3.6 million properties are 30 or more days past due and 1.6 million are 90 or more days past due but not yet in foreclosure and 2.06 million properties or a rate of 4.09 percent are in the pre-sale foreclosure inventory.  On a percentage basis the pre-sale inventory is down 2 percent month over month and 1 percent year-over-year.

The number of distressed homes - delinquent or in some stage of foreclosure - is now 5.66 million and the states with the highest percentage of non-current loans include Florida, Mississippi, Nevada, New Jersey, and Illinois.

The full Mortgage Monitor report will be issued in early August.