September month-end data from Lender Processing Services Inc. shows the total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) was 9.27%.
The “first look” at the LPS Mortgage Monitor report showed the month-over-month change in the delinquency rate was up 0.6% compared to the year-over-year drop of 7.8%.
The total foreclosure presale inventory rate was 3.84%, according to Jacksonville, Fla.-based LPS. Month-over-month change in foreclosure presale inventory rate was up slightly at 1.1%. Year-over-year, the rate rose 3.6%.
There are 4,963,000 properties that are 30 or more days past due, while 2,319,000 are 90 or more days delinquent and 2,055,000 are in foreclosure presale inventory.
According to LPS, 7,018,000 properties are 30 or more days delinquent or in foreclosure.
States with highest percentage of noncurrent loans include Florida, Nevada, Mississippi, Georgia and Louisiana.
States with the lowest percentage of noncurrent loans are Montana, Wyoming, Arkansas, South Dakota and North Dakota.
