Lender Processing Services Inc. (LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at August 2012 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) satood at 6.87 percent. The month-over-month change in delinquency rate was -2.3 percent. The year-over-year change in delinquency rate was -10.6 percent, while the total U.S. foreclosure pre-sale inventory rate stood at 4.04 percent for the month.
The month-over-month change in foreclosure presale inventory rate stood at -1.0 percent, and the year-over-year change in foreclosure presale inventory rate was -2.0 percent.
The number of properties that were 30 or more days past due, but not in foreclosure were 3,430,000. The number of properties that are 90 or more days delinquent, but not in foreclosure was at 1,520,000. The number of properties in foreclosure pre-sale inventory stood at 2,020,000, and the number of properties that are 30 or more days delinquent or in foreclosure stood at 5,450,000.
The states with highest percentage of non-current loans included Florida, Mississippi, New Jersey, Nevada and New York. The states with the lowest percentage of non-current loans were Montana, Alaska, South Dakota, Wyoming and North Dakota. Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.