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 December 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):
7.17 percent
Month-over-month change in delinquency rate: 0.74 percent
Year-over-year change in delinquency rate: -9.11 percent
Total U.S. foreclosure pre-sale inventory rate: 3.44 percent
Month-over-month change in foreclosure presale inventory rate: -1.99 percent
Year-over-year change in foreclosure pre-sale inventory rate: -18.05 percent
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,576,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,545,000
Number of properties in foreclosure pre-sale inventory: (B) 1,716,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
5,292,000
States with highest percentage of non-current* loans: Florida, Mississippi, New Jersey, Nevada, New York
States with the lowest percentage of non-current* loans: Montana, Wyoming, Alaska, South Dakota, 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.