The total mortgage delinquency rate in the U.S. hit 7.12% in April, up 0.4% from the previous month and down 10.6% over the previous year, Lender Processing Services Inc. ($22.17 0%) said in its latest First Look Mortgage Report.
The data is based on the firm’s analysis of 40 million mortgages.
The number of properties currently 30 or more days past due, but not in foreclosure, hit 3.52 million in April, and the number of mortgages more than 90 days past due reached 1.595 million.
Read More: LPS: April mortgage delinquencies rise for first time in 9 months
Travis Saxton is the marketing and technology manager at REAL Trends. Prior to operating this arm for REAL Trends, Travis was the director of online services for a newspaper consulting company. He greatly enjoys working with real estate companies adapt new cutting edge strategies and perfecting their online presence and systems. He has experience in the following areas: Websites, SEO/SEM, CRM/Lead Generation Systems, Traditional Marketing and Social Media Marketing, Real Estate Technology Consulting.