LPS Previews January Delinquency Data

In its Monthly Mortgage Monitor Report LenderrnProcessing Services (LPS) will report that the national delinquency rate, loansrnthat are 30 days or more late, but not in foreclosure, decreased 2.2 percent inrnJanuary to 7.97 percent.  This is a droprnof 10.5 percent from the rate in January 2011. rnThe total number of loans in the 30+ day delinquent category nationwidernis 3,998,000.  Of those loans a total ofrn1,772,000 are seriously delinquent, that is 90+ days overdue but not yet inrnforeclosure.</p

The foreclosure inventory, loans thatrnare in the process of foreclosure continues, to rise and is 1.1 percent higherrnthan in December at 4.15 percent.  Thisrnis 1 basis point below where it was one year earlier.  Loans in foreclosure now number 2,084,000.</p

The total of mortgage loans that are atrnleast one payment overdue stands at 6,082,000; 15.2 percent of the total LPSrndata base of 40 million loans.</p

The states with the highest rate ofrnnon-current loans are Florida, Mississippi, Nevada, New Jersey, and Illinois.  </p

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

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