Market Watch

May month-end data shows increase in delinquencies

Market Watch
Wednesday, June 20, 2012

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 May 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): 7.20 percent

• Month-over-month change in delinquency rate: 1.1 percent

• Year-over-year change in delinquency rate: -9.6 percent

• Total U.S. foreclosure pre-sale inventory rate: 4.12 percent

• Month-over-month change in foreclosure presale inventory rate: -0.5 percent

• Year-over-year change in foreclosure presale inventory rate: 0.2 percent

• Number of properties that are 30 or more days past due, but not in foreclosure:

 (A) 3,542,000

• Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,575,000

• Number of properties in foreclosure pre-sale inventory: (B) 2,027,000

• Number of properties that are 30 or more days delinquent or in foreclosure:  (A+B)  5,569,000

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

• States with lowest percentage of non-current loans: Montana, Arkansas, South Dakota, Wyoming, North Dakota

Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. Totals are extrapolated based on LPS Applied Analytics' loan-level database of mortgage assets and all whole numbers are rounded to the nearest thousand.

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