U.S. Properties in Delinquency or in Foreclosure Nears the 6.5 Million Mark
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U.S. Properties in Delinquency or in Foreclosure Nears the 6.5 Million Mark

July 20, 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" of June 2011 month-end mortgage performance statistics derived from its loan-level database of approximately 40 million mortgage loans.
►Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 8.15 percent
►Number of properties that are 30 or more days delinquent or in foreclosure:
6,452,000
►Month-over-month change in delinquency rate: 2.4 percent
►Year-over-year change in delinquency rate: -14.7 percent
►Total U.S foreclosure pre-sale inventory rate: 4.12 percent
►Month-over-month change in foreclosure presale inventory rate: 0.2 percent
►Year-over-year change in foreclosure presale inventory rate: 12.8 percent
►Number of properties that are 30 or more days past due, but not in foreclosure: 4,285,000
►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,906,000
►Number of properties in foreclosure pre-sale inventory: 2,167,000
►Number of properties that are 30 or more days delinquent or in foreclosure:
6,452,000
►States with highest percentage of non-current loans: Florida, Nevada, Mississippi, New Jersey and Illinois
►States with the lowest percentage of non-current loans: Montana, Wyoming, Alaska, South Dakota and North Dakota
Non-current totals, as defined by Lender Processing Services Inc. (LPS), combine foreclosures and delinquencies as a percent of active loans in that state.

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