y Mortgage Monitor report by [link=http://www.lpsvcs.com/NewsRoom/Pages/20100706.aspx]Lender Processing Services Inc.[/link] (LPS) shows a 2.3% month-over-month increase in the nation's home-loan delinquency rate to 9.2% in May, and that early-stage delinquencies are increasing as normal seasonal improvements taper off. This report includes data as of May 31. According to the report, the percentage of mortgage loans in default beyond 90 days increased slightly, while both delinquency and foreclosure rates continue to remain relatively stable at historically high levels. There are currently more than 7.3 million loans currently in some stage of delinquency or real estate owned (REO). The report also shows that the average number of days for a loan to move from 30-days delinquent to foreclosure sale continues to increase, and is now at an all-time high of 449 days, resulting in an increase in ‘shadow’ foreclosure inventory. After a two-month decline, deterioration ratios increased, with 2.5 loans rolling to a ‘worse’ status for every one that has improved. The number of delinquent loans that ‘cured’ to a current status declined for every stage of delinquency, except in the ‘greater than six months delinquent’ category. This improvement was likely the result of trial modifications made through the Home Affordable Modification Program that transitioned into permanent status, LPS says. The total non-current loan rate, which combines foreclosures and delinquencies as a percentage of active loans, is 12.38%. SOURCE: [link=http://www.lpsvcs.com/NewsRoom/Pages/20100706.aspx]Lender Processing Services Inc.