LPS: April Mortgage Delinquencies Rise for First Time in 9 Months
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 | Managing Partner
In 2010 we had Travis Saxton, our Managing Partner, join our team and he has been working closely with many real estate technology and marketing companies and understands what brokerages and sales professionals need and want to become successful. He is featured weekly in industry publications, webinars, presentations, and regularly presents at national conferences and regional meetings.