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LPS Finds Rise in January Foreclosure Inventories

Feb 18, 2011

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:  6,922,000 ►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.
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