Tag Archives: Delinquency rate falls in January but foreclosure starts rise: LPS

The delinquency rate on U.S. mortgages monitored by Lender Processing Services ($22.54 0%) fell in January but foreclosure starts rose. The delinquency rate fell to 7.97% in January 2012, representing a 10.5% annual decline. The rate dropped 2.2% from December, according to LPS’ its first look at January mortgage performance statistics based on its loan-level data of nearly 40 million loans. The total U.S. foreclosure presale inventory rate hit 4.15%, up 1.1% from December and down slightly from a year earlier. About 2.08 million homes were in pre-sale foreclosure inventory […]