LPS Releases "First Look" at November Delinquency Data

While the full Mortgage Monitor report won’trnbe available until January, Lender Processing Services has released somernhighlights for its November month-end mortgage performance statistics.  While the report, derived from LPS’s loan-levelrndatabase of nearly 40 million mortgages shows a substantial improvement in therndelinquency rate over the past year, it also shows an enormous overhang ofrndelinquent loans that could eventually be foreclosed.</p

The national delinquency rate composedrnof loans 30 or more days past due but not in foreclosure was 8.15 percent inrnNovember.  This was an increase of 2.7rnpercent since October but the rate was down 9.6 percent since November 2010.</p

The rate of homes in foreclosurernpre-sale inventory was 4.16 percent, down 3 percent from October but up 2rnpercent from one year earlier.  There arernnow 4.14 million home that are 30 or more days delinquent but not inrnforeclosure and another 2.12 million that are in the foreclosure pre-salerninventory for a total of 6.26 million properties that have the potential tornbecome REO. </p

The states with the highest percentagernof non-current loans are Florida, Mississippi, Nevada, New Jersey, and Illinois.

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