Skip to main content

Total Nationwide Delinquency Rate Hits 7.09 Percent in March

NationalMortgageProfessional.com
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
Published
Apr 25, 2012
Guild Mortgage Acquires Cherry Creek Mortgage

Terms of purchase not disclosed; reverse mortgage volume added to Guild.

Mar 14, 2023
Vigilance, Dedication, And Commitment Forge Legends

Submit a nomination for Mortgage Banker Magazine’s Legends of Lending.

Mar 10, 2023
FTC Moves To Block Black Knight, ICE Merger

Says it 'would drive up costs, reduce innovation, and reduce lenders’ choices.'

Mar 09, 2023
Rocket Arms Brokers With Bully Shield Vs. UWM

Rocket covers penalties and court fees for brokers who want to get out of United Wholesale Mortgage’s ultimatum contract. 

Feb 06, 2023
Top Texas Originator Sees No Surrender To 2023

Big cities will determine the battle

Jan 26, 2023
There’s Good & Bad News On The Horizon

There will be a real estate slump, but the big cities are coming out much better

Jan 26, 2023