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Total U.S. Loan Delinquency Rate at 7.20 Percent Nationwide

nationalmortgageprofessional.comJune 23, 2012

Lender Processing Services Inc. (LPS) has reports the following "first look" at May 2012 month-end mortgage performance statistics derived from its loan-level database of nearly 40 million mortgage loans. LPS has found that total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 7.20 percent, with a month-over-month change in delinquency rate of 1.1 percent. 

Other highlights of the LPS data includes:

  • Year-over-year change in delinquency rate: -9.6 percent
  • Total U.S. foreclosure pre-sale inventory rate: 4.12 percent
  • Month-over-month change in foreclosure presale inventory rate: -0.5 percent
  • Year-over-year change in foreclosure presale inventory rate: 0.2 percent
  • Number of properties that are 30 or more days past due, but not in foreclosure: 3,542,000
  • Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,575,000
  • Number of properties in foreclosure pre-sale inventory: 2,027,000
  • Number of properties that are 30 or more days delinquent or in foreclosure: 5,569,000
  • States with highest percentage of non-current loans: Florida, Mississippi, New Jersey, Nevada and Illinois
  • States with lowest percentage of non-current loans: Montana, Alaska, South Dakota, Wyoming and North Dakota

Back to June 2012 Archive

CFLA was founded by the Nation's Leading Foreclosure Defense Attorneys back in 2007 to serve the Foreclosure Defense Industry and fight pervasive Bank Fraud. Since opening our virtual doors, CFLA has rapidly expanded to become the premier online legal destination for small businesses and consumers. But as the company continues to grow, we're careful to hold true to our original vision. For us, putting the law within reach of millions of people is more than just a novel idea—it's the founding principle, just ask Andrew P. Lehman, J.D.. With convenient locations in Houston and Los Angeles, you can contact Our National Account Specialist and General Manager / Member Damion W. Emholtz at 888-758-2352 for a free Mortgage Fraud Analysis or to obtain samples of work product, including cutting edge Bloomberg Securitization Audits, Litigation Support, Quiet Title Packages, and for more information about our Nationally Accredited and U.S. Department of Education Approved "Mortgage Securitization Analyst Training Certification" Classes (3 days) 24 hours for approved CLE & MCLE Credit (Now Available Online).

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