Lender Processing Services (LPS) reported its February 2011 month-end mortgage performance statistics from its loan-level database of nearly 40 million mortgage loans.

According to LPS, the total U.S. loan delinquency rate for loans 30 or more days past due, but not in foreclosure is 8.80%; the month-over-month change in delinquency rate is -1.2%; and the year-over-year change in delinquency rate is -18.4%.

It also reported that the total U.S. foreclosure pre-sale inventory rate is 4.15%; the month-over-month change in foreclosure presale inventory rate is -0.2%; and the year-over-year change in foreclosure presale inventory rate is 7.4%.  

LPS said that according to its data the number of properties that are 30 or more days past due, but not in foreclosure is 4,659,000;  the number of properties that are 90 or more days delinquent, but not in foreclosure is 2,165,000; the number of properties in foreclosure pre-sale inventory is 2,196,000; and the number of properties that are 30 or more days delinquent or in foreclosure is 6,856,000.

In terms of states, those with the highest percentage of non-current loans are Florid, Nevada, Mississippi, New Jersey, and Georgia.

Meanwhile, the states with the lowest percentage of non-current loans:  are   Montana, Wyoming, Alaska, South Dakota, and North Dakota. The non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

For a more in-depth review of this data in LPS' monthly Mortgage Monitor report, go on the LPS' Web site http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx.


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