Lender Processing Services Inc. (LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, has reported the following "first look" at January 2011 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): 8.90 percent
►Month-over-month change in delinquency rate: -0.8 percent
►Year-over-year change in delinquency rate: -18.8 percent
►Total U.S foreclosure pre-sale inventory rate: 4.16 percent
►Month-over-month change in foreclosure presale inventory rate: 0.2 percent
►Year-over-year change in foreclosure presale inventory rate: 7.9 percent
►Number of properties that are 30 or more days past due, but not in foreclosure: 4,719,000
►Number of properties that are 90 or more days delinquent, but not in foreclosure: 2,168,000
►Number of properties in foreclosure pre-sale inventory: 2,203,000
►Number of properties that are 30 or more days delinquent or in foreclosure:
►States with highest percentage of non-current loans: Florida, Nevada, Mississippi, Georgia and New Jersey
►States with the lowest percentage of non-current loans: Montana, Wyoming, Alaska, South Dakota and North Dakota
Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Totals are extrapolated based on LPS Applied Analytics' loan-level database of mortgage assets. All whole numbers are rounded to the nearest thousand.
For more information, visit www.lpsvcs.com.