Residential delinquencies rose to 8.15% at the end of November, an almost 3% increase from the prior month, according to new figures compiled by Lender Processing Services, Jacksonville, Fla.
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According to the firm's “First Look” report, the nation's foreclosure rate was 4.16% at Nov. 30, down 3%.
Compared to a year ago, late payments fell almost 10%.
The delinquency rate – based on a sample of 40 million loans – includes all mortgages that are 30 days or more in arrears.
LPS estimates that 2.116 million properties are in the foreclosure inventory. The combined foreclosure/30-days late inventory is 6.26 million properties.
