Skip to main content

LPS: Foreclosures Drop for 13th Consecutive Month

Jun 25, 2013

Lender Processing Services Inc. (LPS) has reported the following "first look" at May 2013 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) is currently 6.08 percent. The month-over-month change in delinquency rate is -2.11 percent. The year-over-year change in delinquency rate sits at -12.01 percent. The total U.S. foreclosure pre-sale inventory rate stood at 3.05 percent. The month-over-month change in foreclosure presale inventory rate was -3.91 percent. The year-over-year change in foreclosure presale inventory rate was at -26.98 percent. Number of properties that are 30 or more days past due, but not in foreclosure was at 3,043,000. The number of properties that are 90 or more days delinquent, but not in foreclosure stood at 1,335,000. The number of properties in foreclosure pre-sale inventory hit 1,525,000 in May, while the number of properties that were 30 or more days delinquent or in foreclosure hit 4,569,000 in May. The states with highest percentage of non-current loans in May were Florida, New Jersey, Mississippi, Nevada and New York, while the states with the lowest percentage of non-current loans were Montana, Alaska, Wyoming, South Dakota and North Dakota.
About the author
Published
Jun 25, 2013
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024