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Foreclosure Starts Begin to Rise in January

Lender Processing Services Inc. (LPS) has reported the following "first look" at January 2012 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): 7.97 percent
►Month-over-month change in delinquency rate: -2.2 percent
►Year-over-year change in delinquency rate: -10.5 percent
►Total U.S foreclosure pre-sale inventory rate: 4.15 percent
►Month-over-month change in foreclosure presale inventory rate: 1.1 percent
►Year-over-year change in foreclosure presale inventory rate: -0.1 percent
►Number of properties that are 30 or more days past due, but not in foreclosure: 3,998,000
►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,772,000
►Number of properties in foreclosure pre-sale inventory: 2,084,000
►Number of properties that are 30 or more days delinquent or in foreclosure:
6,082,000
►States with highest percentage of non-current loans (combined foreclosures and delinquencies as a percentage of active loans in that state): Florida, Mississippi, Nevada, New Jersey and Illinois
►States with the lowest percentage of non-current loans (combined foreclosures and delinquencies as a percentage of active loans in that state): Montana, Alaska, Wyoming, South Dakota and North Dakota
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