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LPS finds more delinquent loans entering the foreclosure process

NationalMortgageProfessional.com
Sep 16, 2010

Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries reports the following "first look" at August 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): 9.22 percent ►Month-over-month change in delinquency rate: -1.0 percent ►Year-over-year change in delinquency rate: -5.1 percent ►Total U.S foreclosure pre-sale inventory rate: 3.80 percent ►Month-over-month change in foreclosure presale inventory rate: 1.5 percent ►Year-over-year change in foreclosure presale inventory rate: 4.9 percent ►Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,947,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,374,000 ►Number of properties in foreclosure pre-sale inventory: (B) 2,038,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,985,000 ►States with highest percentage of non-current* loans: FL, NV, MS, GA, IL ►States with the lowest percentage of non-current* loans: MT, WY, AK, SD, ND *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. For more information, visit www.lpsvcs.com.  
Published
Sep 16, 2010
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