May Delinquencies Down, Foreclosure Sales Continue Decline

At the end of May, the combined number of mortgages 90+ days delinquent and foreclosures totaled 4.08 million, according to a report by Lender Processing Services (LPS). 

Foreclosure sales, however, continued to decline and are considerably down from 2010 pre-foreclosure moratoria levels. They accounted for only 78,676 transactions by the month’s end as compared to 84,219 in April.