The rate of delinquencies in mortgage loans fell in October, on both monthly and yearly comparisons, according to Black Knight Financial Services.
The rate fell 1.93% to 4.77% in October, compared to September. The rate fell 11.91% compared to a year earlier. The comparisons look at loans at least 30 days past due, but not in foreclosure.
For U.S. foreclosure presale inventory, the rate fell 2.35% to 1.43% on a monthly basis. That was a 21.16% decline on a yearly basis.
Total foreclosure starts fell 8.39% on a monthly basis to 73,200. That was an 11.27% decline year-over-year.
Mississippi led all states by noncurrent percentage, with 12.48% of mortgages noncurrent. It was followed by New Jersey, Louisiana, New York and Maine.
North Dakota had the smallest percentage in foreclosure at 2.12%, followed by Alaska, Colorado, Minnesota and South Dakota.
