LPS Reports Nationwide Delinquency Rate Drops 4.19 Percent Annually in September

Lender Processing Services Inc. (LPS) reports the following "first look" at September 2012 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 7.40 percent for the month, with a month-over-month change in delinquency rate of 7.72 percent and an annual change in delinquency rate of -4.19 percent. Meanwhile, the total U.S. foreclosure pre-sale inventory rate stood at 3.87 percent, and the month-over-month change in foreclosure presale inventory rate came in at -4.05 percent with the year-over-year change in foreclosure presale inventory rate at -7.37 percent. In September, the number of properties that were 30 or more days past due, but not in foreclosure was 3,700,000, and the number of properties that were 90 or more days delinquent, but not in foreclosure stood at 1,530,000. The number of properties in foreclosure pre-sale inventory was 1,940,000, and the number of properties that were 30 or more days delinquent or in foreclosure stood at 5,640,000. The states with highest percentage of non-current loans included Florida, Mississippi, New Jersey, Nevada and Louisiana, and the states with the lowest percentage of non-current loans were Montana, Alaska, South Dakota, Wyoming and North Dakota.