Lender Processing Services Inc. (LPS) has reported the following “first look” at November 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market. In November, total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 6.45 percent. The month-over-month change in delinquency rate was 2.63 percent, while the year-over-year change in delinquency rate stood at -9.41 percent.
Total U.S. foreclosure pre-sale inventory rate was 2.50 percent. The month-over-month change in foreclosure presale inventory rate was -1.72 percent, and the year-over-year change in foreclosure presale inventory rate hit -28.81 percent.
The number of properties that are 30 or more days past due, but not in foreclosure was 3,241,000, while the number of properties that were 90 or more days delinquent, but not in foreclosure hit 1,283,000. The number of properties in foreclosure pre-sale inventory stood at 1,256,000. The number of properties that were 30 or more days delinquent or in foreclosure hit 4,497,000 in November.
The states with highest percentage of non-current loans were Mississippi, New Jersey, Florida, New York and Louisiana. The states with the lowest percentage of non-current loans were Colorado, Montana, Alaska, South Dakota and North Dakota.