One-month delinquency on home loans got worse last month even as serious delinquency was less serious.
During January, 30-day delinquency including foreclosures was 13.06 percent, Lender Processing Services Inc. reported Thursday. The rate rose from 12.98 percent the previous month.
LPSÂ said defaults were 15.48 percent in January of last year.
The Jacksonville, Fla.-based firm explained that the findings were extrapolated based on its loan-level database of nearly 40 million mortgages.
Excluding foreclosures, delinquency of at least 30 days rose to 8.90 percent from 8.83 percent in December. The rate was 10.96 percent in January 2010. The number of loans in this category finished January at 4,719,000, more than 4,674,000 a month earlier.
The foreclosure rate edged up a basis point to 4.16 percent as of Jan. 31. One year prior, the foreclosure rate was just 3.86 percent. LPS noted that the number of properties in foreclosure pre-sale inventory was 2,203,000, more than 2,196,000 a month earlier.
A report released Tuesday by S&P/Experian indicated that 90-day delinquency on first mortgages came in at 2.84 percent during January, lower than from 2.93 percent in December.
LPS noted that the highest delinquency was in the states of Florida, Nevada, Mississippi, Georgia and New Jersey.
The best default rates could be found in Montana, Wyoming, Alaska, South Dakota and North Dakota.
