Delinquencies edge up slightly

by Adam Smith24 Dec 2013
Delinquencies have edged up in November, but still remain down over the year.

Preliminary numbers from Lender Processing Services (LPS_ show an increase in mortgage delinquencies. The company's November "First Look" mortgage report shows that 6.45% of mortgage loans in the U.S. aare 30 or more days past due (though not in foreclosure). The result is a 2.63% rise from October.

In spite of the rise, delinquencies remain 9.41% down on a year-over-year basis. The foreclosure presale inventory rate is also down, falling 1.72% from October to November and 28.81% year-over-year.



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