Market Watch

LPS first look at January stats

Market Watch
Wednesday, February 22, 2012

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.

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