Lender Processing Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, reported the following "first look" at February 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.
The highlights include:
-Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.57 percent
- Month-over-month change in delinquency rate: -5.0 percent
- Year-over-year change in delinquency rate: -14.0 percent
- Total U.S foreclosure pre-sale inventory rate: 4.13 percent
- Month-over-month change in foreclosure presale inventory rate: -0.5 percent
- Year-over-year change in foreclosure presale inventory rate: -0.3 percent
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,781,000
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,722,000
- Number of properties in foreclosure pre-sale inventory: (B) 2,065,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,846,000
- States with highest percentage of non-current* loans: Florida, Mississippi, Nevada, New Jersey and Illinois
- States with the lowest percentage of non-current* loans: Montana, Alaska, Wyoming, South Dakota and North Dakota
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.