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