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LPS October Report Finds Rise in Foreclosure Inventories

Nov 17, 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 October 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): 9.29 percent. ►Month-over-month change in delinquency rate: 0.1 percent. ►Year-over-year change in delinquency rate: -8.4 percent. ►Total U.S foreclosure pre-sale inventory rate: 3.92 percent. ►Month-over-month change in foreclosure presale inventory rate: 2.1 percent. ►Year-over-year change in foreclosure presale inventory rate: 5.2 percent. ►Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,953,000. ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,238,000. ►Number of properties in foreclosure pre-sale inventory: (B) 2,090,000. ►Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 7,043,000. *States with highest percentage of non-current* loans: FL, NV, MS, GA, LA, NJ. 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
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