Serious delinquency declined and has not increased since 2011. But loan performance deteriorated in New Jersey — the state with the second-highest delinquency rate.
Residential delinquency of at least 90 days, including foreclosures, was 6.3 percent as of Jan. 31.
The past due rate fell from a month earlier, when 90-day delinquency was 6.4 percent.
Late payments improved by 110 basis points from the revised rate of delinquency in January 2012.
The data from CoreLogic indicates that serious delinquency has not increased since November 2011, when the rate was 7.3 percent.
January 2013’s delinquency rate included a foreclosure rate of 2.9 percent, down from 3.0 percent a month earlier and 3.5 percent a year earlier.
Florida’s serious delinquency rate was 14.9 percent — higher than any other state. But the Sunshine State improved from 15.1 percent in December.
Among the 25-biggest metropolitan statistical areas, two Florida areas had the worst delinquency rate of 15.3 percent in January: Tampa-St. Petersburg-Clearwater and Orlando-Kissemmee-Sanford.
The only other large MSA with double-digit delinquency was Nassau-Suffolk, N.Y., where the rate was 10.8 percent.
With an 11.6 percent rate, New Jersey had the second-worst rate of any state in the nation, climbing from 11.4 percent the prior month.
Nevada was No. 3 in January, with 90-day delinquency of 10.8 percent — an improvement from 11.0 percent in December.
The 1.3 percent serious delinquency rate in North Dakota was the lowest of any state in January.