LPS Previews January Delinquency Data

In its Monthly Mortgage Monitor Report Lender
Processing Services (LPS) will report that the national delinquency rate, loans
that are 30 days or more late, but not in foreclosure, decreased 2.2 percent in
January to 7.97 percent.  This is a drop
of 10.5 percent from the rate in January 2011. 
The total number of loans in the 30+ day delinquent category nationwide
is 3,998,000.  Of those loans a total of
1,772,000 are seriously delinquent, that is 90+ days overdue but not yet in
foreclosure.

The foreclosure inventory, loans that
are in the process of foreclosure continues, to rise and is 1.1 percent higher
than in December at 4.15 percent.  This
is 1 basis point below where it was one year earlier.  Loans in foreclosure now number 2,084,000.

The total of mortgage loans that are at
least one payment overdue stands at 6,082,000; 15.2 percent of the total LPS
data base of 40 million loans.

The states with the highest rate of
non-current loans are Florida, Mississippi, Nevada, New Jersey, and Illinois.  

The Monthly Mortgage Monitor Report will
be published in its entirety on March 6.

…(read more)

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