Lender Processing Services has released
preliminary data from its monthly report on mortgage performance
statistics. Data for November was
derived from LPS's loan-level database representing approximately 70 percent of
the overall market.
The U.S loan delinquency rate rose 1.19
percent from October to 7.12 percent or 3.58 million loans that were 30 or more
days past due but not yet in foreclosure . The November rate is down 9.06 percent from that
of a year earlier.
The pre-sale foreclosure inventory -
loans that have entered the foreclosure process - was 3.51 percent, a 2.84
percent decrease from October and 16.42 percent below the rate in November
2011. There were 1,767,000 homes in some
stage of foreclosure at the end of November.
Florida, New Jersey, and Mississippi had
the highest level of delinquencies and foreclosures as a percent of all
mortgage loans in those states.
LPS will provide in-depth details of its
data in its monthly Mortgage Monitor report which will be published in early
January.