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

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.