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News Link • Housing

Over 4.3 Million Home Loans 90+ Days Delinquent or in Foreclosure

LPS Applied Analytics released their September Mortgage Performance data today. According to LPS: • The average number of days delinquent for loans in foreclosure is now 484 days • In five judicial states (NY, FL, NJ, HI and ME), the average exceeds 500 days • Over 4.3 million loans are 90 days or more delinquent or in foreclosure • New problem loans (60+ days delinquent) are back on the rise This graph provided by LPS Applied Analytics shows the percent delinquent, percent in foreclosure, and total non-current mortgages. According to LPS, 9.27 percent of mortgages are delinquent, and another 3.84 are in the foreclosure process for a total of 13.11 percent. It breaks down as: • 2.64 million loans less than 90 days delinquent. • 2.32 million loans 90+ days delinquent. • 2.05 million loans in foreclosure process. For a total of 7.02 million loans delinquent or in foreclosure.

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