Tag Archives: Fewer Home Owners Falling Behind on Payments

The U.S. delinquency rate on mortgages continues to fall, marking a positive sign for the housing recovery. The delinquency rate fell 2.11 percent in May and is 12.01 percent below year-ago levels, according to “first look” mortgage performance data from Lender Processing Services. LPS will issue its detailed report in early July. The delinquency rate is 6.08 percent, with about 3 million properties that are 30 or more days past due on their mortgage payments but not yet in foreclosure. Meanwhile, there are about 1.5 million homes in some stage […]