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Delinquencies Rise for the First Time in Nine Months

NationalMortgageProfessional.com
May 21, 2012

Lender Processing Services Inc. (LPS) has reported the following "first look" at April 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 30 or more days past due, but not in foreclosure) stood at 7.12 percent.   ►Month-over-month change in delinquency rate: 0.4% ►Year-over-year change in delinquency rate: -10.6% ►Total U.S. foreclosure pre-sale inventory rate: 4.14% ►Month-over-month change in foreclosure pre-sale inventory rate: 0.0% ►Year-over-year change in foreclosure pre-sale inventory rate: 0.0% ►Number of properties that are 30 or more days past due, but not in foreclosure: 3,522,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,595,000 ►Number of properties in foreclosure pre-sale inventory: 2,048,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: 5,570,000 ►States with highest percentage of non-current loans: Florida, Mississippi, New Jersey, Nevada and Illinois ►States with the lowest percentage of non-current loans: Montana, Alaska, South Dakota, Wyoming and North Dakota
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May 21, 2012
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