Gary Pierpont Blog

Loan Delinquency Rates Rise Slightly

December 24, 2013 by garypierpontblog

According to Lender Processing Services, the U.S. loan delinquency rate rose slightly in November. Overall the delinquency rate this year has dropped compared to the last few years, down approximately 10% year-to-date. Foreclosure inventory rates fell 2.5% last month, and averaged 29% for the year while the total number of foreclosures averaged 1.256 million. The loan delinquency rate year-over-year averaged 9.41%. More here

Filed Under: Housing Market Tagged With: First Home Mortgage, Gary Pierpont, Greenbelt, MD

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