Skip to main content

Total U.S. Loan Delinquency Rate at 7.20 Percent Nationwide

Jun 20, 2012

Lender Processing Services Inc. (LPS) has reports the following "first look" at May 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans. LPS has found that total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 7.20 percent, with a month-over-month change in delinquency rate of 1.1 percent.  Other highlights of the LPS data includes: ►Year-over-year change in delinquency rate: -9.6 percent ►Total U.S. foreclosure pre-sale inventory rate: 4.12 percent ►Month-over-month change in foreclosure presale inventory rate: -0.5 percent ►Year-over-year change in foreclosure presale inventory rate: 0.2 percent ►Number of properties that are 30 or more days past due, but not in foreclosure: 3,542,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,575,000 ►Number of properties in foreclosure pre-sale inventory: 2,027,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: 5,569,000 ►States with highest percentage of non-current loans: Florida, Mississippi, New Jersey, Nevada and Illinois ►States with lowest percentage of non-current loans: Montana, Alaska, South Dakota, Wyoming and North Dakota
About the author
Published
Jun 20, 2012
Maximum Acceleration, Originator Connect Network Sign Exclusive CE Agreement

Pact gives OCN guaranteed live CE at shows, creates nationwide opportunity for Maximum Acceleration

Apr 17, 2024
CMG Acquires Norcom Mortgage's Retail Side

The 25-branch addition will enhance CMG’s northeastern presence from Maryland to Maine.

Apr 12, 2024
CFPB Weighs Title Insurance Changes

The agency considers a proposal that would prevent home lenders from passing on title insurance costs to home buyers.

NEXA Begins Search For New CFO

NEXA CEO retires the president position after Mat Grella's termination.

Apr 01, 2024
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024