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LPS Report Finds Delinquency Rate Drops 2.9 Percent From Previous Month

Dec 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 November 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): 9.02 percent ►Month-over-month change in delinquency rate: -2.9 percent ►Year-over-year change in delinquency rate: -15.6percent ►Total U.S foreclosure pre-sale inventory rate: 4.08 percent ►Month-over-month change in foreclosure presale inventory rate: 4.1 percent ►Year-over-year change in foreclosure presale inventory rate: Eight percent ►Number of properties that are 30 or more days past due, but not in foreclosure: 4,768,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,161,000 ►Number of properties in foreclosure pre-sale inventory: 2,157,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,925,000 ►States with highest percentage of non-current* loans: FL, NV, MS, GA, 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 www.lpsvcs.com.
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Dec 17, 2010
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