Lender Processing Services, Inc., a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at April 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.
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Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure):
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7.12%
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Month-over-month change in delinquency rate:
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0.4%
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Year-over-year change in delinquency rate:
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-10.6%
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Total U.S. foreclosure pre-sale inventory rate:
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4.14%
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Month-over-month change in foreclosure pre-sale inventory rate:
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0.0%
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Year-over-year change in foreclosure pre-sale inventory rate:
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0.0%
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Number of properties that are 30 or more days past due, but not in foreclosure: (A)
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3,522,000
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Number of properties that are 90 or more days delinquent, but not in foreclosure:
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1,595,000
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Number of properties in foreclosure pre-sale inventory: (B)
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2,048,000
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Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
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5,570,000
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States with highest percentage of non-current* loans:
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FL, MS, NJ, NV, IL
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States with the lowest percentage of non-current* loans:
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MT, AK, SD, WY, ND
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*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Totals are extrapolated based on LPS Applied Analytics' loan-level database of mortgage assets
The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available on LPS' website, http://www.lpsvcs.com/LPSCorporateInformation/CommunicationCenter/DataReports/Pages/Mortgage-Monitor.aspx by May 30, 2012.