Delinquent loans that are 30 or more days late, but not in foreclosure totaled 8.15% in June, according to Lender Processing Services "first look" mortgage report.
This figure represents a month-over-month increase of 2.4%, while the year-over-year change was down 14.7%.
LPS said in its report that more than 4.2 million properties nationwide are 30 days late in dues and there are 1.9 million seriously delinquent loans—homeowners who have not made payments in 90 days or more.
The report also found that the national pre-sale foreclosure inventory continues to rise in June to 4.12%, which is only 0.2% higher than May but 12.8% more than the same time period last year. There are nearly 2.2 million properties in the foreclosure pre-sale inventory throughout the country, LPS said.
The monthly report comes from approximately 40 million mortgage loans that are in the Jacksonville-based analytic providers loan-level database.
The top five states that had the highest percentage of non-current loans were Florida, Nevada, Mississippi, New Jersey and Illinois. Montana had the lowest percentage of non-current loans nationwide, followed by Wyoming, Alaska, South Dakota and North Dakota.
