The foreclosure rate continued to decrease in September, while the delinquency rate remained significantly lower compared to last year despite a month-over-month increase, according to data released by Lender Processing Services (LPS), a real estate technology provider.

The U.S. foreclosure presale inventory rate dropped 1.29 percent month over month in September and was down 32.18 percent year over year, LPS reported in its latest “First Look” Mortgage Report.

In all, 2.63 percent of all properties tracked by the firm, or nearly 1.33 million properties, were in the foreclosure presale inventory, according to LPS.

Meanwhile, the delinquency rate — the share of properties that are 30 days or more past due but not in foreclosure — edged up 4.23 percent in September to a rate of 6.46 percent,  accounting for nearly 3.27 million properties, LPS said.

Despite the month over month increase, the delinquency rate was still down 12.63 percent on an annual basis, according to LPS.

LPS said a total of 4.593 million properties were either delinquent or in foreclosure.

Source: LPS

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top
Real estate news and analysis that gives you the inside track. Subscribe to Inman Select for 50% off.SUBSCRIBE NOW×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription