Home loan delinquencies rise in May

By Kathy Bergen
Posted July 6, 2010 at 9:43 a.m.

Home loan delinquencies, excluding those loans already in foreclosure, rose 2.3 percent in May, to 9.2 percent nationally, according to a mortgage monitor report released Tuesday by Lender Processing Services Inc.

Meanwhile, the foreclosure inventory remained relatively stable compared with April, at 3.18 percent of all mortgage loans outstanding, the company reported.

Illinois is among the 10 states with the most loans in foreclosure or delinquency, with a rate of 13.6 percent of active loans. Nationwide, the rate is 12.38 percent.

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