NY, NJ Among Top 5 In Non-Current Loans

23 May
JACKSONVILLE, Fla. – May 22, 2013 – Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following “first look” at April 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure):  ​ 6.21%​
     Month-over-month change in delinquency rate: ​ -5.81%​
     Year-over-year change in delinquency rate: ​ -9.61%​
Total U.S. foreclosure pre-sale inventory rate: ​ 3.17%​
     Month-over-month change in foreclosure presale inventory rate: ​ -5.83%​
     Year-over-year change in foreclosure presale inventory rate: ​ -24.55%​
Number of properties that are 30 or more days past due, but not in foreclosure: (A) ​ 3,111,000​
Number of properties that are 90 or more days delinquent, but not in foreclosure:  ​
1,394,000​
Number of properties in foreclosure pre-sale inventory: (B)  ​ 1,588,000​
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) ​
4,699,000​
States with highest percentage of non-current* loans: ​ FL, NJ, MS, NV, NY ​
States with the lowest percentage of non-current* loans: ​ MT, WY, AK, SD, ND​
 *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Notes:
(1) Totals are extrapolated based on LPS Applied Analytics’ loan-level database of mortgage assets.
(2) All whole numbers are rounded to the nearest thousand.

The LPS full report should be out by June 5.

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