Lender Processing Services Inc., a 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 percent
- Year-over-year change in delinquency rate: -10.6 percent
- Total U.S. foreclosure pre-sale inventory rate: 4.04 percent
- Month-over-month change in foreclosure presale inventory rate: -1 percent
- Year-over-year change in foreclosure presale inventory rate: -2 percent
- 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: Fla., Miss. N.J., Nev., N.Y.
- 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