Econintersect: Lender Processing Services (LPS) reported that the preliminary month-over-month home loan deliquency rate for August 2012 declined 2.3% to a total loan deliquency rate of 6.87%.
JACKSONVILLE, Fla. – Sept. 24, 2012 – Lender Processing Services, Inc. (NYSE: LPS), a leading 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% Year-over-year change in delinquency rate: -10.6% Total U.S. foreclosure pre-sale inventory rate: 4.04% Month-over-month change in foreclosure presale inventory rate: -1.0% Year-over-year change in foreclosure presale inventory rate: -2.0% 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: FL, MS, NJ, NV, NY 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