LPS' July "First Look" Mortgage Report: Delinquency Rate Declines; Foreclosure
Inventory Down Nearly 31 Percent Year-Over-Year
JACKSONVILLE, Fla., Aug. 26, 2013
JACKSONVILLE, Fla., Aug. 26, 2013 /PRNewswire/ --Lender Processing Services,
Inc. (NYSE: LPS), a leading provider of integrated technology, services, data
and analytics to the mortgage and real estate industries, reports the
following "first look" at July 2013 month-end mortgage performance statistics
derived from its loan-level database representing approximately 70 percent of
the overall market.
(Logo: http://photos.prnewswire.com/prnh/20120802/FL50731LOGO )
Total U.S. loan delinquency rate (loans 30 or more days 6.41%
past due, but not in foreclosure):
Month-over-month change in delinquency rate: -3.96%
Year-over-year change in delinquency rate: -8.76%
Total U.S. foreclosure pre-sale inventory rate: 2.82%
Month-over-month change in foreclosure presale inventory -3.46%
Year-over-year change in foreclosure presale inventory -30.76%
Number of properties that are 30 or more days past due, but 3,193,000
not in foreclosure: (A)
Number of properties that are 90 or more days delinquent, 1,347,000
but not in foreclosure:
Number of properties in foreclosure pre-sale inventory: (B) 1,406,000
Number of properties that are 30 or more days delinquent or 4,599,000
in foreclosure: (A+B)
States with highest percentage of non-current* loans: FL, MS, NJ, NY, ME
States with the lowest percentage of non-current* loans: WY, MT, AK, SD, ND
*Non-current totals combine foreclosures and delinquencies as a percent of
active loans in that state.
(1) Totals are extrapolated based on LPS Applied Analytics' loan-level
(2) All whole numbers are rounded to the nearest thousand.
The company will provide a more in-depth review of this data in its monthly
Mortgage Monitor report, which includes an analysis of data supplemented by
in-depth charts and graphs that reflect trend and point-in-time observations.
The Mortgage Monitor report will be available on LPS' website,
by Sep. 3, 2013.
For more information about gaining access to LPS' loan-level database, please
send an e-mail to LPSAAsales@lpsvcs.com.
About Lender Processing Services
Lender Processing Services (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. The company also provides
proprietary data and analytics for the mortgage, real estate and capital
markets industries. LPS is a Fortune 1000 company headquartered in
Jacksonville, Fla., and employs approximately 7,500 professionals. For more
information, please visit www.lpsvcs.com.
SOURCE Lender Processing Services, Inc.
Contact: Media - Michelle Kersch, (904) 854-5043, Michelle.firstname.lastname@example.org;
Investors - Nancy Murphy, (904) 854-8640, email@example.com
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