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After five consecutive months of declines, the national delinquency rate-borrowers who are past due 30 days or more but not in foreclosure-zoomed 10 percent in June.

Mortgage Delinquencies Erupted in June

After five consecutive months of declines, the national delinquency rate-borrowers who are past due 30 days or more but not in foreclosure-zoomed 10 percent in June.

The increase, reported by Lender Processing Services in its June “First Look” Mortgage Report, found that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) is risen to 6.68 percent, a month-over-month change in delinquency rate of 9.91 percent. However, delinquencies are still 6.50 percent below the level of June 2012.

LPS also reported the following June data:

Total U.S. foreclosure pre-sale inventory rate: 2.93 percent

Month-over-month change in foreclosure presale inventory rate: -3.92 percent

Year-over-year change in foreclosure presale inventory rate: -28.40 percent

Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,328,000

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,345,000

Number of properties in foreclosure pre-sale inventory: (B) 1,458,000

Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)

4,785,000

States with highest percentage of non-current* loans: FL, MS, NJ, NY, ME

States with the lowest percentage of non-current* loans: WY, MT, AK, SD, ND

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