Lender Processing Services, Inc., a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports 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: (A) 3,522,000
- 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: (B) 2,048,000
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
- 5,570,000
States with highest percentage of non-current* loans: Florida, Mississippi, New Jersey, Nevada, Illinois
States with the lowest percentage of non-current* loans: Montana, Alaska, South Dakota, Wyoming, 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