Loss Mitigation Efforts Helping To Reduce the Number of Loans Rolling Into Foreclosure JACKSONVILLE, Fla., Dec. 2 /PRNewswire-FirstCall/ -- The November Mortgage Monitor report, released by Lender Processing Services, Inc. (NYSE:LPS), reveals a nationwide loan deterioration ratio higher than 3:1 - indicating that for every one loan improved, three more loans are deteriorating. Published by LPS, a leading provider of mortgage performance data and analytics, the November 2009 Mortgage Monitor report is an in-depth summary of mortgage industry performance indicators based on data collected as of October 31, 2009. Of home loans that were current as of December 2008, more than two million, or 4.02 percent, were delinquent or in foreclosure by the end of October 2009. High rates of deterioration were particularly evident in the Northeast and Northwest. Thirty-one states now have non-current loan rates (delinquency plus foreclosure rates) ranging from 10 percent in Missouri to as high as 22.7 percent in Florida. Foreclosure sales jumped in October, with the rate at 5.6 percent of foreclosures in inventory. The number of foreclosures on the market continues to stall as foreclosure timelines extend. Nearly 30 percent of properties that have been in foreclosure for 12 months have not yet been put on the market for sale - twice the level of the prior year. Foreclosure inventories continued to climb to record levels. October's foreclosure rate stood at 3.14 percent, a month-over-month increase of 0.7 percent and a year-over-year increase of 85.1 percent. Total delinquencies, already at record highs, edged up 0.85 percent in October over September's figures and were 32 percent higher than the same period last year. Loans rolling to a more delinquent status remain elevated, but totals are below the Nov. 2008 peak. Roll rates into foreclosure remain low as a result of loss mitigation efforts and elevated delinquent loan volumes. Other key results from LPS' October Mortgage Monitor include: Total U.S. loan delinquency rate: 9.4 percent Total U.S. foreclosure inventory rate: 3.1 percent Total U.S. non-current* loan rate: 12.6 percent States with most non-current* loans: Florida, Nevada, Mississippi, Arizona, Georgia, California, Michigan, Indiana, Ohio and Illinois States with fewest non-current* loans: North Dakota, South Dakota, Alaska, Wyoming, Montana, Nebraska, Vermont, Colorado, Oregon and Washington *Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state. **Totals based on LPS Applied Analytics' loan-level database of mortgage assets. LPS manages the nation's leading repository of loan-level residential mortgage data and performance information from approximately 40 million loans across the spectrum of credit products. The company's research experts carefully analyze this data to produce dozens of charts and graphs that reflect trend and point-in-time observations for LPS' monthly Mortgage Monitor Report. To review the full report, listen to a presentation of the report or access an executive summary, visit http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx. About Lender Processing Services Lender Processing Services, Inc. (LPS) is a leading provider of integrated technology and services to the mortgage and real estate industries. LPS offers solutions that span the mortgage continuum, including lead generation, origination, servicing, workflow automation (Desktop), portfolio retention and default, augmented by the company's award-winning customer support and professional services. Approximately 50 percent of all U.S. mortgages by volume are serviced using LPS' Mortgage Servicing Package (MSP). In fact, many of the nation's top servicers rely on MSP, including eight of the top 10 and 14 of the top 20. LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit http://www.lpsvcs.com/. DATASOURCE: Lender Processing Services CONTACT: Media contact: Michelle Kersch, +1-904-854-5043, ; Investor contact: Parag Bhansali, +1-904-854-8640, Web Site: http://www.lpsvcs.com/ http://www.lpsvcs.com/NEWSROOM/INDUSTRYDATA/Pages/default.aspx

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