LPS "First Look" for August 2012 Shows Continuing Decline in Home Loan Delinquencies

September 24th, 2012
in econ_news, syndication

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%.

Follow up:

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.
(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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