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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
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