Lender Processing Services, a provider of integrated technology, data and analytics to the mortgage and real estate industries, reported the following look at March 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
Essentially, the data shows a continued decline in the delinquency rate, a slight drop in foreclosure inventory and non-current inventory at under 5 million properties for first time in five years:
Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.59 percent
Month-over-month change in delinquency rate: -3.13 percent
Year-over-year change in delinquency rate: -3.03 percent
Total U.S. foreclosure pre-sale inventory rate: 3.37 percent
Month-over-month change in foreclosure presale inventory rate: -0.41 percent
Year-over-year change in foreclosure presale inventory rate: -19.61 percent
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,308,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,466,000
Number of properties in foreclosure pre-sale inventory: (B) 1,689,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
4,997,000