Vermont is following a national trend as total non-current mortgages surged in June, but as with much of the rest of the country, foreclosures were down. Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology, data and analytics to the mortgage and real estate industries, reports the following "first look" at June 2013 month-end mortgage performance statistics derived from its loan-level database representing approximately 70 percent of the overall market.
In Vermont, delinquent mortgages in June were up 0.8 percent from May, foreclosures were down 0.3 percent and total non-current mortgages were up 0.7 percent. But looking at year-over-year, total non-current mortgages were down 1.3 percent from June 2012, continuing a recent trend here and across the US. They were down 4.9 percent in Vermont from May 2012 to May 2013.
Total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure): 6.68%
Month-over-month change in delinquency rate: 9.91%
Year-over-year change in delinquency rate: -6.50%
Total U.S. foreclosure pre-sale inventory rate: 2.93%
Month-over-month change in foreclosure presale inventory rate: -3.92%
Year-over-year change in foreclosure presale inventory rate: -28.40%
Number of properties that are 30 or more days past due, but not in foreclosure: (A) 3,328,000
Number of properties that are 90 or more days delinquent, but not in foreclosure: 1,345,000
Number of properties in foreclosure pre-sale inventory: (B) 1,458,000
Number of properties that are 30 or more days delinquent or in foreclosure: (A+B)
4,785,000
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.
REPORT
JACKSONVILLE, Fla. - July 25, 2013 - Lender Processing Services, Inc.