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 August 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): |
6.87% |
| Month-over-month change in delinquency rate: |
-2.3% |
| Year-over-year change in delinquency rate: |
-10.6% |
| Total U.S. foreclosure pre-sale inventory rate: |
4.04% |
| Month-over-month change in foreclosure presale inventory rate: |
-1.0% |
| Year-over-year change in foreclosure presale inventory rate: |
-2.0% |
| Number of properties that are 30 or more days past due, but not in foreclosure: (A) |
3,430,000 |
| Number of properties that are 90 or more days delinquent, but not in foreclosure: |
1,520,000 |
| Number of properties in foreclosure pre-sale inventory: (B) |
2,020,000 |
| Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) |
5,450,000 |
| States with highest percentage of non-current* loans: |
FL, MS, NJ, NV, NY |
| States with the lowest percentage of non-current* loans: |
MT, AK, SD, WY, ND |
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets
(2) All whole numbers are rounded to the nearest thousand
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 Oct. 2, 2012.
For more information about gaining access to LPS’ loan-level database, please send an e-mail to LPSAAsales@lpsvcs.com.