LPS Previews November Mortgage Performance Data

Lender Processing Services has releasedrnpreliminary data from its monthly report on mortgage performancernstatistics.  Data for November wasrnderived from LPS’s loan-level database representing approximately 70 percent ofrnthe overall market.</p

The U.S loan delinquency rate rose 1.19rnpercent from October to 7.12 percent or 3.58 million loans that were 30 or morerndays past due but not yet in foreclosure .   The November rate is down 9.06 percent from thatrnof a year earlier.  </p

The pre-sale foreclosure inventory -rnloans that have entered the foreclosure process – was 3.51 percent, a 2.84rnpercent decrease from October and 16.42 percent below the rate in Novemberrn2011.  There were 1,767,000 homes in somernstage of foreclosure at the end of November.</p

Florida, New Jersey, and Mississippi hadrnthe highest level of delinquencies and foreclosures as a percent of allrnmortgage loans in those states.  </p

LPS will provide in-depth details of itsrndata in its monthly Mortgage Monitor report which will be published in earlyrnJanuary.

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