The January 2010 Mortgage Monitor report, released by Lender Processing Services Inc. (LPS), a leading provider of mortgage performance data and analytics, showed that home loan delinquency rates in the U.S. have now surpassed 10 percent. Factoring in foreclosures in process, according to the data in LPS' database, the total non-current rate sits at 13.3 percent. When extrapolated to reflect the entire mortgage industry, this rate indicates that more than 7.2 million mortgage loans are now behind on payments. In addition, an estimated one million properties are now owned by banks. The January 2010 Mortgage Monitor report is an in-depth summary of mortgage industry performance indicators based on data collected as of Dec. 31, 2009. Within the population of loans that were current as of year-end 2008, the percent of "new" serious delinquencies is 4.64 percent--higher than any other year analyzed for the same period. Of loans that were current as of Dec. 31, 2008, by December 2009 there were 2.3 million new loans that were considered seriously delinquent. Prime loans, including agency, non-agency and jumbo, have experienced deterioration at a worse pace on a relative basis than sub-prime, FHA and all loans as a whole. Within the prime loans category, loans with current unpaid principal balances between $417,000 and $600,000 have performed the worse. The Mortgage Monitor report also indicates that 2009 vintage loans are performing better than loans from any of the prior five years and have been steadily improving as more origination months are added to the pool of loans. This improvement is attributed to more restrictive underwriting guidelines. The report also noted that liquidity is still not available where it is needed most. Other key results from LPS' January 2010 Mortgage Monitor include: Total U.S. loan delinquency rate: 10.0 percent Total U.S. foreclosure inventory rate: 3.2 percent Total U.S. non-current* loan rate: 13.3 percent States with most non-current* loans: Florida, Nevada, Mississippi, Arizona, Georgia, California, Indiana, Michigan, Illinois and Ohio States with fewest non-current* loans: North Dakota, South Dakota, Alaska, Wyoming, Montana, Nebraska, Vermont, Colorado, Oregon and Washington *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Totals based on LPS Applied Analytics' loan-level database of mortgage assets. For more information, visit www.lpsvcs.com.