Posted on 08/05/2013 6:55:30 AM PDT by whitedog57
According to June’s LPS Mortgage Monitor, 6.68% of mortgages were delinquent in June, up from 6.08% in May. The increase was in short term delinquencies, and most of this increase was seasonal (delinquencies usually increase in June).
2.93% of mortgages were in the foreclosure process, down from 4.09% in June 2012.
9.61% of mortgages were delinquent or in foreclosure.
• 1,983,000 properties that are 30 or more days, and less than 90 days past due, but not in foreclosure. • 1,345,000 properties that are 90 or more days delinquent, but not in foreclosure. • 1,458,000 loans in foreclosure process.
LPSJune2013
The rise in delinquencies were largest in Colorado and Utah.
statelpsdelinq
And non-current inventory remains highest in the consumer-friendly northeast.
lpsxxx
So, the longer-term mortgage delinquencies are down despite a June hiccup, mostly in Colorado and Utah.
So roughly 5 million homes in various forms of delinquency. Guess people can’t make mortgage payments on part-time jobs....duh.
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