LPS Provides Peek at March Mortgage Data

by devteam April 25th, 2012 | Share

Lender Processing Services (LPS) has released an advanced look at data from its March Mortgage Monitor Report due out on May 1.   The report provides end-of-month loan level data culled from the LPS database of nearly 40 million mortgage loans.</p

Loans that were at least 30-days past due but not yet in foreclosure represented 7.09 percent of all loans at the end of the reporting period, down 6.3 percent from the previous month and 8.8 percent from a year earlier.  Loans in foreclosure (foreclosure pre-sale inventory) were at a rate of 4.14 percent, up 0.1 percent month-over-month but 1.6 percent lower than a year earlier.</p

There were 3.5 million loans that were 30 days past due at the end of the period and 1.64 million that were more than 90 days past due but not yet in foreclosure.  The pre-sale inventory totaled 2.06 million for a total of 5.59 million loans in some state of delinquency or foreclosure.</p

Florida, Mississippi, Nevada, New Jersey and Illinois remain at the top of the list of states with the highest percentage of non-current loans.


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%
Year-over-year change in foreclosure presale inventory rate:    -1.6%
Number of properties that are 30 or more days past due, but not in foreclosure: (A)     3,531,000
Number of properties that are 90 or more days delinquent, but not in foreclosure:               1,643,000
Number of properties in foreclosure pre-sale inventory: (B)     2,060,000
Number of properties that are 30 or more days delinquent or in foreclosure:  (A+B)
States with highest percentage of non-current* loans:   FL, MS, NV, NJ, IL
States with the lowest percentage of non-current* loans:        MT, AK, SD, WY, ND

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About the Author


Steven A Feinberg (@CPAsteve) of Appletree Business Services LLC, is a PASBA member accountant located in Londonderry, New Hampshire.

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