NEWS - Residential Real Estate

SBJ Staff Report

Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reported its "first look" at April 2011 month-end mortgage performance statistics lsat week, derived from its loan-level database of nearly 40 million mortgage loans.

Georgia remains on the list of states with the highest percentage of non-current loans. The top five states in the U.S. as of April are Florida, Nevada, Mississippi, New Jersey and Georgia.  Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

The April data shows:

• Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): + 7.97 percent

• Month-over-month change in delinquency rate:  + 2.4 percent

• Year-over-year change in delinquency rate:      -16.3 percent

• Total U.S foreclosure pre-sale inventory rate:  4.14 percent

• Month-over-month change in foreclosure presale inventory rate:  -1.6 percent

• Year-over-year change in foreclosure presale inventory rate:  + 12.7 percent

• Number of properties that are 30 or more days past due, but not in foreclosure: (A)     4,204,000

• Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,961,000

• Number of properties in foreclosure pre-sale inventory: (B)     2,184,000

• Number of properties that are 30 or more days delinquent or in foreclosure:  (A+B) 6,388,000

Approximately 50 percent of all U.S. mortgages by dollar volume are serviced using LPS' Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

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