LPS “First Look” Mortgage Report: April Month-End Data Shows Delinquencies Increase for the First Time in Nine Months

JACKSONVILLE, Fla., May 21, 2012 /PRNewswire/ — 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 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans.

Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 7.12%
Month-over-month change in delinquency rate: 0.4%
Year-over-year change in delinquency rate: -10.6%
Total U.S. foreclosure pre-sale inventory rate: 4.14%
Month-over-month change in foreclosure pre-sale inventory rate: 0.0%
Year-over-year change in foreclosure pre-sale inventory rate: 0.0%
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,522,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,595,000
Number of properties in foreclosure pre-sale inventory: (B) 2,048,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B) 5,570,000
States with highest percentage of non-current* loans: FL, MS, NJ, NV, IL
States with the lowest percentage of non-current* loans: MT, AK, SD, WY, ND

More here…

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