September Month-End Data Shows Significant Rise in Delinquencies; Foreclosures Drop
Press release from the issuing company
Tuesday, October 23rd, 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 September 2012 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
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Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): |
7.40% |
|
Month-over-month change in delinquency rate: |
7.72% |
|
Year-over-year change in delinquency rate: |
-4.19% |
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Total U.S. foreclosure pre-sale inventory rate: |
3.87% |
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Month-over-month change in foreclosure pre-sale inventory rate: |
-4.05% |
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Year-over-year change in foreclosure pre-sale inventory rate: |
-7.37% |
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Number of properties that are 30 or more days past due, but not in foreclosure: (A) |
3,700,000 |
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Number of properties that are 90 or more days delinquent, but not in foreclosure: |
1,530,000
|
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Number of properties in foreclosure pre-sale inventory: (B) |
1,940,000 |
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Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) |
5,640,000 |
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States with highest percentage of non-current* loans: |
FL, MS, NJ, NV, LA |
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States with the lowest percentage of non-current* loans: |
MT, AK, SD, WY, ND |
