May Month-End Data Shows a Decrease in Delinquency Rate and Drop in Foreclosure Inventories
Press release from the issuing company
Thursday, June 23rd, 2011
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 May 2011 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): |
7.96% |
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Month-over-month change in delinquency rate: |
-0.1% |
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Year-over-year change in delinquency rate: |
-18.3% |
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Total U.S. foreclosure pre-sale inventory rate: |
4.11% |
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Month-over-month change in foreclosure presale inventory rate: |
-0.7% |
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Year-over-year change in foreclosure presale inventory rate: |
12.3% |
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Number of properties that are 30 or more days past due, but not in foreclosure: (A) |
4,187,000 |
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Number of properties that are 90 or more days delinquent, but not in foreclosure: |
1,921,000 |
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Number of properties in foreclosure pre-sale inventory: (B) |
2,164,000 |
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Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) |
6,350,000 |
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States with highest percentage of non-current* loans: |
FL, NV, MS, NJ, IL |
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States with the lowest percentage of non-current* loans: |
MT, WY, AK, SD, ND |
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