LPS' September Mortgage Monitor: One-Month Delinquency Rise Tied to Early-Stage Missed Payments, Shortened Transactional Period;

     LPS' September Mortgage Monitor: One-Month Delinquency Rise Tied to
 Early-Stage Missed Payments, Shortened Transactional Period; Originations at
                               Three-Year High

PR Newswire

JACKSONVILLE, Fla., Nov. 8, 2012

JACKSONVILLE, Fla., Nov. 8, 2012 /PRNewswire/ --The September Mortgage
Monitor report released by Lender Processing Services (NYSE: LPS) looked at
the significant month-over-month increase in the nation's delinquency rates –
up 7.7 percent from August, and representing the largest monthly increase
since 2008. While September has historically been marked by seasonal rises in
delinquencies, this was still a marked upturn. However, according to LPS
Applied Analytics Senior Vice President Herb Blecher, it is important to view
the month's data in its proper context.

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"September's increase in the delinquency rate was indeed significant, but the
overall trend is still one of improvement," Blecher said. "Despite the monthly
jump, delinquencies are down 30 percent from their January 2010 peak, and our
analysis revealed some interesting factors related to the spike. Of course,
one month's data does not indicate a trend. We will be monitoring these
factors over the coming months to see how the situation develops."

Blecher continued, "September 2012 was notable in its short duration of
business days and virtually all transactional or operational metrics we
observed declined in volume for the month; foreclosure starts, foreclosure
sales, delinquent cures and loan prepayments all dropped from their August
levels. It is important to note that we also saw the percentage of
re-defaulting modifications contributing to the delinquency rate actually
declined from the month prior."

Newly available origination data also provided additional insight into the
increase seen in August's prepayment rates. After allowing a month for loan
data to board, originations in August were found to be up 13.2 percent
month-over-month and 42.1 percent year-over-year, reaching their highest point
since 2009. The data shows that high loan-to-value HARP originations made up
nearly a quarter of August originations.

As reported in LPS' First Look release, other key results from LPS' latest
Mortgage Monitor report include:

Total U.S. loan delinquency rate:        7.40%
Month-over-month change in delinquency rate:        7.72%
Total U.S. foreclosure pre-sale inventory rate:  3.87%
Month-over-month change in foreclosure pre-sale inventory   -4.05 %
States with highest percentage of non-current*              FL, MS, NJ, NV, LA
States with the lowest percentage of non-current*           MT, AK, SD, WY, ND

*Non-current totals combine foreclosures and delinquencies as a percent of
active loans in that state.

Totals are extrapolated based on LPS Applied Analytics' loan-level database of
mortgage assets.

About the Mortgage Monitor
LPS manages the nation's leading repository of loan-level residential mortgage
data and performance information on nearly 40 million loans across the
spectrum of credit products. The company's research experts carefully analyze
this data to produce a summary supplemented by dozens of charts and graphs
that reflect trend and point-in-time observations for LPS' monthly Mortgage
Monitor Report. To review the full report, visit

About Lender Processing Services
LPS (NYSE: LPS) delivers comprehensive technology solutions and services, as
well as powerful data and analytics, to the nation's top mortgage lenders,
servicers and investors. As a proven and trusted partner with deep client
relationships, LPS offers the only end-to-end suite of solutions that provides
major U.S. banks and many federal government agencies the technology and data
needed to support mortgage lending and servicing operations, meet unique
regulatory and compliance requirements and mitigate risk.

These integrated solutions support origination, servicing, portfolio retention
and default servicing. LPS' servicing solutions include MSP, the industry's
leading loan-servicing platform, which is used to service approximately 50
percent of all U.S. mortgages by dollar volume. The company also provides
proprietary data and analytics for the mortgage, real estate and capital
markets industries.

Lender Processing Services is a Fortune 1000 company headquartered in
Jacksonville, Fla., employing approximately 8,000 professionals. For more
information, please visitwww.lpsvcs.com.

SOURCE Lender Processing Services

Website: http://www.lpsvcs.com
Contact: Media: Michelle Kersch, +1-904-854-5043, Michelle.kersch@lpsvcs.com,
Investor: Nancy Murphy, +1-904-854-8640, Nancy.murphy@lpsvcs.com
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