The foreclosure picture continues to
show year-over-year improvement, with delinquencies down and
foreclosure inventories falling, according to a report of February data
from Lender Processing Services (LPS), which provides technology and
data for the mortgage and real estate industries.
The total U.S. loan delinquency rate — loans 30 or more days past due
but not in foreclosure — dropped to 6.8 percent in February, according
to LPS. The delinquency rate has fallen 6.51 percent in the past year.
The foreclosure pre-sale inventory rate has fallen nearly 20 percent in the past year to 1.7 million homes, according to LPS.
About 5.1 million homes in the U.S. are either in foreclosure or delinquent, according to LPS.
Source: Lender Processing Services