According to the LPS Mortgage Monitor ,
released today by Lender Processing Serives, 11.3 percent of mortgage
loans during April were "non-current" in the United States. That is,
they were 90-plus-days delinquent or were in foreclosure.
In
Colorado, the percentage of active mortgage loans that were non-current
during March was 6.2 percent, which was down 9.9 percent from the
same period last year. Colorado's year-over-year decline in non-current
loans was the 10th largest in the nation. Only Nevada, Michigan,
Arizona, California, Idaho, Minnesota, Montana, Utah and Wyoming showed
larger declines.
Only five states reported lower
percentages of non-current loans than Colorado, making Colorado 6th-best
in the nation for the percentage of its mortgage loans that were
non-current during April 2012. Montana, Wyoming, South Dakota, Alaska
and North Dakota reported lower percentages of non-current loans during
February.
The states with the highest rates of
non-current loans were Florida, Mississippi and New Jersey with non-current
rates of 21.3 percent, 16.8 percent and 15.6 percent, respectively.
According to LPS: LPS
Mortgage Monitor is an in-depth report of mortgage industry
performance. The monthly report is based on data from the company’s
market-leading repository of loan-level residential mortgage data and
performance information, including more than 40 million active loans
across the credit spectrum. This data is analyzed by LPS experts to
produce more than 30 charts and graphs reflecting both trend and
point-in-time performance observations.
(The March report includes data up through April.)
