Market Watch

Delinquencies increased for first time in nine months

Market Watch
Wednesday, May 23, 2012

Lender Processing Services (LPS) reported the following "first look" at April 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.12 percent

Month-over-month change in delinquency rate: 0.4 percent

Year-over-year change in delinquency rate: -10.6 percent

Total U.S. foreclosure pre-sale inventory rate: 4.14 percent

Month-over-month change in foreclosure pre-sale inventory rate:  0.0 percent

Year-over-year change in foreclosure pre-sale inventory rate: 0.0 percent

Number of properties that are 30 or more days past due, but not in foreclosure: 3,522,000 (A)

Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,595,000

Number of properties in foreclosure pre-sale inventory: 2,048,000 (B)

Number of properties that are 30 or more days delinquent or in foreclosure: 5,570,000 (A+B)

States with highest percentage of non-current* loans: Florida, Mississippi, New Jersey, Nevada and Illinois

States with the lowest percentage of non-current* loans: Montana, Alaska, South Dakota, Wyoming and 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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