Foreclosure Inventory On The Decline But Trend May Be Short-Lived

By Dennis Norman, on January 14th, 2013

The foreclosure inventory in the U.S. dropped to 3.51 percent in November, a decline of 2.84 percent from the month before, according to the November Mortgage Monitor report released by Lender Processing Services. This trend may not continue though as, during the same period, the mortgage delinquency rate (the precursor to foreclosures) increased 1.2 percent from the month before and has increased 3.7 percent since August.

Total U.S. loan delinquency rate:	7.12%
Month-over-month change in delinquency rate:	1.2%
Total U.S. foreclosure pre-sale inventory rate:	3.51%
Month-over-month change in foreclosure pre-sale inventory rate:	-2.84 %
States with highest percentage of non-current* loans:	FL, NJ, MS, NV, NY
States with the lowest percentage of non-current* loans:	MT, WY, SD, AK, ND

Related posts:

1. Mortgage delinquencies and foreclosure inventory increase in June
2. Mortgage Delinquencies and Foreclosure Inventory Decrease In May
3. Mortgage delinquencies increase in November; ? Foreclosures decline from month before
4. Mortgage delinquencies decline in October; ? Foreclosures on the rise
5. Foreclosure inventory remains near all-time high

Source: http://stlouisrealestatenews.com/st-louis-foreclosures/foreclosure-inventory-on-the-decline-but-trend-may-be-short-lived/

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