March Mortgage Report: Further Decline in Delinquencies; Foreclosure Inventory Stable
Press release from the issuing company
Thursday, April 26th, 2012
Lender Processing Services, Inc., a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at March 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.
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Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): |
7.09% |
|
Month-over-month change in delinquency rate: |
-6.3% |
|
Year-over-year change in delinquency rate: |
-8.8% |
|
Total U.S. foreclosure pre-sale inventory rate: |
4.14% |
|
Month-over-month change in foreclosure presale inventory rate: |
0.1% |
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Year-over-year change in foreclosure presale inventory rate: |
-1.6% |
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Number of properties that are 30 or more days past due, but not in foreclosure: (A) |
3,531,000 |
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Number of properties that are 90 or more days delinquent, but not in foreclosure: |
1,643,000
|
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Number of properties in foreclosure pre-sale inventory: (B) |
2,060,000 |
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Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) |
5,591,000
|
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States with highest percentage of non-current* loans: |
FL, MS, NV, NJ, IL |
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States with the lowest percentage of non-current* loans: |
MT, AK, SD, WY, ND |
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
