LPS Finds Delinquencies Improve 3% Between February and March

Lender Processing Services Inc. said that the mortgage loan delinquency rate at the end of March is 6.59%, a 3.13% decline from February and a 3.03% decline from March 2012.

In the company’s most recent “first look” report, it said the number of properties that are 30 or more days past due, but not in foreclosure is over 3.3 million, with 1.5 million of those 90 days or more late.

The current presale inventory of properties is 1.7 million.

The states with the highest percentage of late loans in March include Florida, New Jersey, Mississippi, Nevada and New York. At the other end of the spectrum are Montana, Arkansas, Wyoming, South Dakota and North Dakota.

LPS said the U.S. foreclosure presale inventory rate is 3.37%, down 0.41% from February. When compared with March 2012 the change is 19.61%.