Foreclosure inventory and new foreclosures both decline in November

By Dennis Norman, on January 14th, 2013

The national foreclosure inventory 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.? Conversely, the mortgage delinquency rate increased 1.2 percent in November 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

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Source: http://www.realestateindustrynews.com/foreclosures/foreclosure-inventory-and-new-foreclosures-both-decline-in-november/

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