LPS reports continued decline in delinquency, foreclosure rates

Lender Processing Services Inc. ( LPS), a provider of integrated technology, data and analytics to the mortgage and real estate industries, reported this week that delinquency and foreclosure rates continue to decline across the U.S.

The company announced that the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 6.8 percent in February, which represents a month-over-month change in delinquency rate of -3.16 percent.

The year-over-year change in delinquency rate was reportedly -6.51 percent.

The total U.S. foreclosure pre-sale inventory rate stood at 3.38 percent representing a month over month change of -0.98 percent and a year-over-year change of -19.58 percent.
A little over 3.4 million properties are reportedly 30 or more days past due, but not in foreclosure and nearly 1.5 million properties are 90 or more days delinquent, but not in foreclosure.
The number of properties in foreclosure pre-sale inventory stands at nearly 1.7 million.

The total number of properties that are 30 or more days delinquent or in foreclosure stands at slightly more than 5.1 million.

The states with the highest percentage of non-current loans include Florida, New Jersey, Nevada, Mississippi and New York.

The states with the lowest percentage of non-current loan include Montana, Alaska, Wyoming, South Dakota and North Dakota.

The company will provide a more in-depth review of this data in its monthly Mortgage Monitor report, which includes an analysis of data supplemented by in-depth charts and graphs that reflect trend and point-in-time observations. The Mortgage Monitor report will be available on LPS' website by April 4.