Sep 21, 2011
Delinquency rate rose in August
21 Sep 2011
Posted by Andrew Kantor
The delinquency rate for mortgage holders rose more than four percent in August compared to the year before, according to a “first look” report from Lender Processing Services. (The full, final report will be out in a week.)
About 6.4 million homes were delinquent (either 30 or more days behind or already in foreclosure) at the end of August — which is 4.11% higher than in 2010.
(Note: HousingWire is reporting the opposite — that LPS says the delinquency rate dropped — but I have no idea where that came from. The LPS site is pretty clear.)