Skip to main content

Total Nationwide Delinquency Rate Hits 7.09 Percent in March

Apr 25, 2012

Lender Processing Services Inc. (LPS) has reported the following "first look" at March 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, defined as loans that are 30 or more days past due, but not in foreclosure, stood at 7.09 percent. The month-over-month change in the delinquency rate was -6.3 percent, while the year-over-year change in delinquency ratestood at -8.8 percent. Other findings of the LPS "First Look" Report are as follows: ►Total U.S. foreclosure pre-sale inventory rate: 4.14 percent ►Month-over-month change in foreclosure presale inventory rate: 0.1 percent ►Year-over-year change in foreclosure presale inventory rate: -1.6 percent ►Number of properties that are 30 or more days past due, but not in foreclosure: 3,531,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,643,000 ►Number of properties in foreclosure pre-sale inventory: 2,060,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: 5,591,000 ►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, South Dakota, Wyoming and North Dakota
About the author
Published
Apr 25, 2012
These U.S. Metros Could Be First-Time Buyers' Best Chance To Close A Loan

Even among top 10 most affordable areas, home sale prices more than doubled in four, nearly doubled in another three since 2015

May 15, 2025
As HELOC Opportunities Grow, Angel Oak Completes Its First HELOC Securitization

$191M inaugural offering sees strong investor interest; company says it plans to package more HELOCs alongside Non-QM securitizations

May 15, 2025
DOJ Opens Criminal Investigation Into NY AG Letitia James Over Mortgage Fraud Claims

Investigation follows April referral by FHFA Director Bill Pulte; potential charges include wire, mail, and bank fraud

May 09, 2025
Origination Volume Up, But Rocket Sees GAAP Net Loss Of $212M For Q1 2025

Company highlights strength of strategic acquisitions, integrations, product innovations as it furthers its mortgage ecosystem

May 09, 2025
Guild Reports 35% YoY Originations Increase For Q1 2025 Amid Market Volatility

Company sees net loss of $23.9 million for quarter due to valuation adjustment on MSRs

May 08, 2025
NerdWallet Sees ‘Encouraging’ 23% Mortgage Revenue Bump For Q1 2025

Even so, company’s net income for the quarter falls 82% YoY to $0.2 million

May 07, 2025