December mortgage performance data
According to a preliminary report by Lender Processing Services, Inc. (LPS), their massive database of nearly 40 million mortgage loans reveals that delinquencies from November to December is unchanged, remaining at 8.15 percent, after a 2.7 percent increase in November.
The volume of mortgage delinquencies in December compared to December 2012 is down 7.7 percent, due mostly in part to the backlog of foreclosures after banks and servicers have slowed and even frozen the foreclosure process in light of the robosigning debacle wherein foreclosures were being illegally processed without any human review of files. This is the reason most predict a foreclosure flood this year as the backlog is cleared up.
The total U.S. foreclosure pre-sale inventory rate in December rested at 4.11 percent, down 1.3 percent from November and down 1.0 percent from December 2010.
Currently, over 4 million properties are at least 30 days past due but not in foreclosure, while 1.8 million properties are 90+ days delinquent, also not in foreclosure. Fully 2 million properties are in foreclosure pre-sale status.
Combined there are 6.16 million properties that are 30 or more days delinquent or in foreclosure. Florida, Mississippi, Nevada, New Jersey, and Illinois continue to be the states with the highest percentage of non-current loans while Montana, Wyoming, South Dakota, North Dakota and Alaska leading with the lowest percentage of non-current loans.
Tara Steele is the News Director at The American Genius, covering entrepreneur, real estate, technology news and everything in between. If you'd like to reach Tara with a question, comment, press release or hot news tip, simply click the link below.

Jared
January 19, 2012 at 10:21 am
Thanks for the stats. Always useful info to pass on to clients.