Foreclosure Starts Begin to Rise in January – NMP Skip to main content

Foreclosure Starts Begin to Rise in January

NationalMortgageProfessional.com
Feb 22, 2012

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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