LPS: U.S. Loan Delinquency Rate Hits 7.03 Percent in January – NMP Skip to main content

LPS: U.S. Loan Delinquency Rate Hits 7.03 Percent in January

NationalMortgageProfessional.com
Feb 28, 2013

Lender Processing Services Inc. (LPS) has reported the following "first look" at January 2013 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 7.03 percent for January. There was a month-over-month change in delinquency rate of -2.03 percent, while the year-over-year change in delinquency rate was -8.35 percent. Total U.S. foreclosure pre-sale inventory rate in January was 3.41 percent, and the month-over-month change in foreclosure presale inventory rate stood at -0.82 percent. The year-over-year change in foreclosure presale inventory rate was -19.39 percent. In January, the number of properties that were 30 or more days past due, but not in foreclosure stood at 3,506,000 nationwide, while the number of properties that were 90 or more days delinquent, but not in foreclosure, stood at 1,531,000. The number of properties in foreclosure pre-sale inventory was 1,703,000, while the number of properties that were 30 or more days delinquent or in foreclosure was 5,208,000. 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, Wyoming, South Dakota and North Dakota.
Published
Feb 28, 2013
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