Lender Processing Services Inc. (LPS) reported the following "first look" at January 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.
- Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.97 percent
- Month-over-month change in delinquency rate: -2.2 percent
- Year-over-year change in delinquency rate: -10.5 percent
- Total U.S foreclosure pre-sale inventory rate: 4.15 percent
- Month-over-month change in foreclosure presale inventory rate: 1.1 percent
- Year-over-year change in foreclosure presale inventory rate: -0.1 percent
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,998,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,772,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,084,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,082,000
- States with highest percentage of non-current* loans: Florida, Mississippi, Nevada, New Jersey, Illinois.
- States with the lowest percentage of non-current* loans: Montana, Alaska, Wyoming, South Dakota, North Dakota
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.