Summer Months Bring 3.4 Percent Rise in Nationwide Delinquency Rate

Lender Processing Services Inc. (LPS) has reported the following "first look" at June 2012 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. With the June 2012 month-end data, LPS has updated its extrapolation methodology to incorporate, among other things, improved estimates of market size, which includes higher coverage of government and sub-prime products and increases LPS' estimate of the total first lien residential mortgage market by three percent to 50.4 million. To ensure consistency in trend analysis, the new methodology has been applied to all historical data and previously reported mortgage performance statistics have been adjusted accordingly. More detailed descriptions of the methodology used, market coverage, comparisons with previous reported statistics and additional disclosures are available upon request. ►Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.14% ►Month-over-month change in delinquency rate: 3.4% ►Year-over-year change in delinquency rate: -7.3% ►Total U.S. foreclosure pre-sale inventory rate: 4.09% ►Month-over-month change in foreclosure presale inventory rate: -2.0% ►Year-over-year change in foreclosure presale inventory rate: -1.0% ►Number of properties that are 30 or more days past due, but not in foreclosure: 3,602,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,590,000 ►Number of properties in foreclosure pre-sale inventory: 2,061,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: 5,663,000 ►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, Wyoming, South Dakota and North Dakota