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LPS: Mortgage Delinquency Rate Down 8% from Last Year
press release
   

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 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):​ 7.03%​
Month-over-month change in delinquency rate:​ -2.03%​
Year-over-year change in delinquency rate:​ -8.35%​
Total U.S. foreclosure pre-sale inventory rate:​ 3.41%​
Month-over-month change in foreclosure presale inventory rate:​ -0.82%​
Year-over-year change in foreclosure presale inventory rate:​ -19.39%​
Number of properties that are 30 or more days past due, but not in foreclosure: (A)​ 3,506,000​
Number of properties that are 90 or more days delinquent, but not in foreclosure:​ 1,531,000​
Number of properties in foreclosure pre-sale inventory: (B)​ 1,703,000​
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)​ 5,208,000​
States with highest percentage of non-current* loans:​ FL, MS, NJ, NV, NY ​
States with the lowest percentage of non-current* loans:​ MT, AK, WY, SD, 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 by March 6, 2013.



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