LPS Posts "First Look" at April Mortgage Metrics

Lender Processing Services, Inc. (LPS) has issued some preliminary data on mortgage performance from its April Mortgage Monitor report which will be released by the end of the month.   The data is derived from the LPS database of 40 million loans.</p

The total U.S. delinquency rate which includes loans 30 or more days past due but not yet in foreclosure rose 0.4 percent from March figures to 7.12 percent but was down 10.6 percent from April 2011.  There are 3,522,000 delinquent residential mortgages including 1,595,000 that are 90 or more days past due. </p

The foreclosure pre-sale inventory was composed of 2,048,000 properties, a rate of 4.14 percent.  This rate was unchanged from both the previous month and one year earlier.  The combined total of past-due mortgages and the foreclosure pre-sale inventory is 5,570,000 properties. </p

Florida, Mississippi, New Jersey, Nevada, and Illinois continue to have the highest percentage of non-current loans.

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