by Calculated Risk on 11/02/2010 12:35:00 PM

LPS Applied Analytics released their September Mortgage Performance data today. According to LPS:

• The average number of days delinquent for loans in foreclosure is now 484 days
• In five judicial states (NY, FL, NJ, HI and ME), the average exceeds 500 days
• Over 4.3 million loans are 90 days or more delinquent or in foreclosure
• New problem loans (60+ days delinquent) are back on the rise

Click on graph for larger image in new window.

This graph provided by LPS Applied Analytics shows the percent delinquent, percent in foreclosure, and total non-current mortgages.

According to LPS, 9.27 percent of mortgages are delinquent, and another 3.84 are in the foreclosure process for a total of 13.11 percent. It breaks down as:
• 2.64 million loans less than 90 days delinquent.
• 2.32 million loans 90+ days delinquent.
• 2.05 million loans in foreclosure process.

For a total of 7.02 million loans delinquent or in foreclosure.

This is similar to the quarterly data from the Mortgage Bankers Association.