Total Nationwide Delinquency Rate Hits 7.09 Percent in March – NMP 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
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021