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Market Watch
Delinquency, foreclosure rates continue to decline
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Market Watch
Monday, April 1, 2013
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Lender Processing Services Inc., provider of integrated technology, data and analytics to the mortgage and real estate industries, reported the following first look at February 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): 6.80 percent
Month-over-month change in delinquency rate: -3.16 percent
Year-over-year change in delinquency rate: -6.51 percent
Total U.S. foreclosure pre-sale inventory rate: 3.38 percent
Month-over-month change in foreclosure presale inventory rate: -0.98 percent
Year-over-year change in foreclosure presale inventory rate: -19.58 percent
Number of properties that are 30 or more days past due, but not in foreclosure: 3,410,000 (A)
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,483,000
Number of properties in foreclosure pre-sale inventory: 1,694,000 (B)
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,104,000
States with highest percentage of non-current* loans: Florida, New Jersey, Mississippi, Nevada, New York
States with the lowest percentage of non-current* loans: Montana, Alaska, Wyoming, South Dakota, North Dakota
*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.
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