Monthly Foreclosure Inventory Drops Slightly: LPS

U.S. foreclosure inventory is down by less than 2% from last month in Lender Processing Services Inc.’s “first look” report.

Inventory is 29% lower year-over-year with more than 1 million properties in this category. Ninety-day-plus delinquencies also totaled more than 1 million in the report, and 30-day-plus delinquencies numbered more than 3 million.

Thirty-day-plus delinquencies are up less than 3% but are down more than 9% year-to-year.

Mississippi, New Jersey, Florida, New York and Louisiana continued to have the highest percentage of non-current loans. Colorado, Montana, Alaska, and the Dakotas continued to have the lowest percentage of noncurrent loans.