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Home » Store » Inside Mortgage Trends » Seasonal Factors Push Delinquencies Higher

Seasonal Factors Push Delinquencies Higher

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Inside Mortgage Trends

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Mortgage delinquencies increased by nearly 10 percent in June compared with the previous month, following five months of declines, according to Lender Processing Services. The increase is seen as a seasonal move, with delinquencies expected to continue to decline over the long-term. LPS last week estimated that the total delinquency rate, loans 30 or more days past due but not in foreclosure, was 6.68 percent as of the end of June, up from 6.08 percent in May. Foreclosures also increased ...
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