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.