The number of delinquent mortgages in the U.S. declined by 3.1 percent in March, according to a new report from Lender Processing Services, Inc. (LPS), a provider of real estate and mortgage data. LPS’s loan-level database covers approximately 70 percent of the US mortgage market.
Delinquent mortgages are those 30 or more days past due, but not yet in foreclosure. The delinquency rate in March was 6.6 percent overall, with 3.3 million loans 30 or more days past due and 1.5 million loans 90 or more days past due.
The size of the nation’s foreclosure inventory also dropped last month. According to LPS, 1.7 million, or 3.4 percent, of loans in its data base were in foreclosure in March, down 0.4 percent from February and 19.6 percent from March 2012.





