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.