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LPS Releases June First-Look Delinquency Data

""Lender Processing Services"":http://www.lpsvcs.com/Pages/default.aspx (LPS) released Wednesday its ""first look"" month-end mortgage performance data for June, revealing that the loan delinquency rate fell year-over-year.


According to statistics from LPS' loan-level database, loan delinquency fell from June 2011 by 7.3 percent. However, delinquency increased month-over-month, with June's numbers being 3.4 percent higher than May's.


The total U.S. loan delinquency rate is an estimated 7.14 percent. These statistics include loans that are 30 or more days overdue but are not yet in foreclosure.

LPS' data also revealed an estimated 3,602,000 properties are 30 or more days past due, while approximately 1,590,000 are 90 or more days past due. A total of 5,663,000 properties are 30 days or more overdue or in foreclosure, LPS reported.

Year-over-year, the foreclosure presale inventory rate fell 1.0 percent. June recorded a total of 2,061,000 properties in foreclosure presale inventory, a 2.0 percent from May. The estimated total U.S. foreclosure presale inventory rate is 4.09 percent.

Nevada and Florida, two of the hardest-hit states in the foreclosure crisis, were among the top five states with the highest percentage of non-current loans. They were joined by Mississippi, New Jersey, and Illinois.

States with the lowest percentage of non-current loans included Montana, Alaska, Wyoming, and both North and South Dakota.

About Author: Tory Barringer

Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington's student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News' sister publication, MReport, which focuses on mortgage banking news.

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