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LPS' Mortgage Monitor Report Shows Mixed Results with Signs of Modest Improvement Clouded By Pool of 7.39 Million Troubled Loans


Report Includes Data as of March 2010 Month-End

JACKSONVILLE, Fla. - April 29, 2010 - The Mortgage Monitor report released today by Lender Processing Services, Inc. (NYSE: LPS), a leading provider of mortgage performance data and analytics, showed mixed results with the nation's home loan market. Modest improvements in the number of loans curing to current and reductions in total new delinquencies are still overshadowed by a large pool (7.39 million) of non-current and REO loans. The report is based on data as of March 2010 month-end.

Several of the nation's largest states by population, including Florida, Nevada, New Jersey, Arizona, California, Illinois, Indiana and Ohio showed foreclosure inventories at a higher percentage than the average national foreclosure rate of 3.27 percent. Overall, the number of non-current loans across the nation has declined over the past six months, but 16 states showed an increase in the number of non-current loans. Total delinquencies, excluding foreclosures, decreased 10.3 percent from February to March 2010, however, the total represents a year-over-year increase of 15.7 percent. Similarly, March's foreclosure rate stands at 3.27 percent, representing a month-over-month decrease of 1.2 percent but a year-over-year increase of 32.9 percent. The number of loans moving from seriously delinquent into foreclosure rose in March, after hitting historic lows in February.

The impact from the federal government's Home Affordable Modification Program (HAMP) is evident in the improved level of loan cure rates as trial modifications are converted to official loan modifications. Elevated levels of early-stage cures (loans 30-  to 60-days delinquent) indicate a higher rate of self-cures.

Other key results from LPS' latest Mortgage Monitor report include:
Total U.S. loan delinquency rate:       9.12 percent
Total U.S. foreclosure inventory rate:  3.27 percent
Total U.S. non-current* loan rate:      12.39 percent
States with most non-current* loans:    Florida, Nevada, Mississippi, Arizona, Georgia, California, Illinois, Rhode Island, New Jersey and Michigan
States with fewest non-current* loans:  North Dakota, South Dakota, Alaska, Wyoming, Montana, Nebraska, Vermont, Colorado, Iowa and Minnesota
*Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.
Note: 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 dollar volume are serviced using LPS' Mortgage Servicing Package (MSP). LPS also offers proprietary mortgage and real estate data and analytics for the mortgage and capital markets industries. For more information about LPS, visit www.lpsvcs.com.

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