Mortgage Delinquencies/Foreclosures Show Improvement in 2012

by Peter Thomas Ricci

Every other day, it seems, more information trickles out showing that the real estate markets are on a slow, yet steady, path to recovery, and Lender Processing Services (LPS) has contributed to that trend with its latest data on mortgage delinquencies and foreclosures.

The nation’s mortgage delinquency rate, LPS found, was down 2.03 percent from December to January and 8.35 percent from January 2012; similarly, foreclosure inventory was down 0.82 percent monthly and and a dramatic 19.39 percent yearly.

To get a better idea of how the mortgage delinquency and foreclosure markets are improving consult our infographic below:

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