The total mortgage delinquency rate in the U.S. hit 7.12% in April, up 0.4% from the previous month and down 10.6% over the previous year, Lender Processing Services Inc. (LPS) said in its latest First Look Mortgage Report.
The data is based on the firm’s analysis of 40 million mortgages.
The number of properties currently 30 or more days past due, but not in foreclosure, hit 3.52 million in April, and the number of mortgages more than 90 days past due reached 1.595 million.
The total U.S. foreclosure pre-sale inventory rate hit 4.14%, unchanged from the previous month or a year earlier. Overall, the number of properties in the pre-sale inventory hit 2.048 million.
States with the highest percent of non-current loans included Florida, Mississippi, New Jersey, Nevada and Illinois. States with the lowest percent of non-current loans included Montana, Alaska, South Dakota, Wyoming and North Dakota.
