Mortgage delinquencies hit their lowest point in nine years during the month of March, according to Black Knight Financial Services.
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Nationwide, loans that were 30 days past due but not in foreclosure hit a low of 4.7%, a month-over-month decline of 12.18% and a year-over-year drop of 14.72%. However, foreclosure starts rose 18.07% from February, and 6.81% from the year before.
The states with the highest percentages of loans 90-plus days delinquent were Mississippi at 4.68%, Rhode Island at 3.37%, Louisiana at 3.19%, Alabama at 3.09% and New Jersey at 2.84%.
