Advertisement
LPS: U.S. Delinquency Rate Hits 7.57 Percent Nationwide
Lender Processing Services Inc. (LPS) has reported the following "first look" at February 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans. The total U.S. loan delinquency rate, loans that are 30 or more days past due, but not in foreclosure was at 7.57 percent, while the month-over-month change in delinquency rate stood at -5.0 percent.
►Year-over-year change in delinquency rate: -14.0 percent
►Total U.S foreclosure pre-sale inventory rate: 4.13 percent
►Month-over-month change in foreclosure presale inventory rate: -0.5 percent
►Year-over-year change in foreclosure presale inventory rate: -0.3 percent
►Number of properties that are 30 or more days past due, but not in foreclosure: 3,781,000
►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,722,000
►Number of properties in foreclosure pre-sale inventory: 2,065,000
►Number of properties that are 30 or more days delinquent or in foreclosure: 5,846,000
►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, Alaska, Wyoming, South Dakota and North Dakota
About the author