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Delinquency Rate Drops 7.03 Percent in October
Nov 26, 2012

Lender Processing Services Inc. (LPS) has reported the following "first look" at October 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): 7.03 percent ►Month-over-month change in delinquency rate: -4.91 percent ►Year-over-year change in delinquency rate: -7.19 percent ►Total U.S. foreclosure pre-sale inventory rate: 3.61 percent ►Month-over-month change in foreclosure presale inventory rate: -6.77 percent ►Year-over-year change in foreclosure presale inventory rate: -15.99 percent ►Number of properties that are 30 or more days past due, but not in foreclosure: 3,500,000 ►Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,543,000 ►Number of properties in foreclosure pre-sale inventory: 1,800,000 ►Number of properties that are 30 or more days delinquent or in foreclosure: 5,300,000 ►States with highest percentage of non-current loans: Florida, Mississippi, New Jersey, Nevada and New York ►States with the lowest percentage of non-current loans: Montana, Wyoming, South Dakota, Alaska and North Dakota LPS delivers comprehensive technology solutions and services, as well as powerful data and analytics, to the nation's top mortgage lenders, servicers and investors. As a proven and trusted partner with deep client relationships, LPS offers the only end-to-end suite of solutions that provides major U.S. banks and many federal government agencies the technology and data needed to support mortgage lending and servicing operations, meet unique regulatory and compliance requirements and mitigate risk.
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