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Delinquencies Stabilize From November to December
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 December 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): 8.15 percent
►Month-over-month change in delinquency rate: 0.0 percent
►Year-over-year change in delinquency rate: -7.7 percent
►Total U.S. foreclosure pre-sale inventory rate: 4.11 percent
►Month-over-month change in foreclosure presale inventory rate: -1.3 percent
►Year-over-year change in foreclosure presale inventory rate: -1.0 percent
►Number of properties that are 30 or more days past due, but not in foreclosure: 4,101,000
►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,792,000
►Number of properties in foreclosure pre-sale inventory: 2,066,000
►Number of properties that are 30 or more days delinquent or in foreclosure:
6,167,000
►States with highest percentage of non-current loans: Florida, Mississippi, Nevada, New Jersey and Illinois
►States with the lowest percentage of non-current loans: Montana, Wyoming, South Dakota, Alaska and North Dakota
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