Lender Processing Services Inc., a provider of integrated technology, data and analytics to the mortgage and real estate industries, reported the following “first look” at November 2011 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): 8.15 percent
Month-over-month change in delinquency rate: 2.7 percent
Year-over-year change in delinquency rate: -9.6 percent
Total U.S foreclosure pre-sale inventory rate: 4.16 percent
Month-over-month change in foreclosure presale inventory rate: -3 percent
Year-over-year change in foreclosure presale inventory rate: 2 percent
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,144,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,809,000
Number of properties in foreclosure pre-sale inventory: (B) 2,116,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
6,260,000
States with highest percentage of non-current* loans: Florida, Mississippi, Nevada, New Jersey, Illinois;
States with the lowest percentage of non-current* loans: Montana, South Dakota, Wyoming, Alaska, 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.