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 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: 0 percent;
- Year-over-year change in delinquency rate: -7.7 percent;
-Total U.S. foreclosure pre-sale inventory rate: 4.11 percent;
- Month-over-month change in foreclosure presale inventory rate: -1.3 percent;
- Year-over-year change in foreclosure presale inventory rate: -1 percen;
- Number of properties that are 30 or more days past due, but not in foreclosure: (A) 4,101,000;
- Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,792,000;
- Number of properties in foreclosure pre-sale inventory: (B) 2,066,000;
- Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 6,167,000;
- States with highest percentage of non-current* loans: Florida, Mississippi, Nevada, New Jersey, Illinois; and
- States with the lowest percentage of non-current* loans: Montana, Wyoming, South Dakota, North Dakota, Alaska
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.