Lender Processing Services Inc. (LPS) has reported its "first look" at August 2011 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans. The totals of the report arebased on LPS Applied Analytics' loan-level database of mortgage assets. For the month of August, total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 8.13 percent. Year-over-year, the change in delinquency rate experienced an 11.8 percent drop and month-over-month, there was a 2.5 percent change in the delinquency rate.
Nationwide, the number of properties that were 30 or more days past due, but not in foreclosure was 4,249,000. The number of properties that were 90 or more days delinquent in August, but not in foreclosure, was 1,866,000. The number of properties in foreclosure pre-sale inventory was at 2,148,000. In August, the number of U.S. properties that were 30 or more days delinquent or in foreclosure hit the 6,397,000 mark.
Other highlights of the LPS report include:
►Total U.S. foreclosure pre-sale inventory rate: 4.11 percent
►Month-over-month change in foreclosure presale inventory rate: 0.1 percent
►Year-over-year change in foreclosure presale inventory rate: 8.2 percent
►The states with highest percentage of non-current loans: Florida, Mississippi, Nevada, New Jersey and Illinois
►The states with the lowest percentage of non-current loans: Montana, Wyoming, Alaska, Soputh Dakota and North Dakota