The number and share of past-due home loans improved in September both on a month-over-month basis and a year-over-year basis.
As of the close of business last month, 3,771,000 residential loans were either past due at least 30 days or in the foreclosure pre-sale inventory.
Black Knight Financial Services released the performance metrics on Friday.
As a percentage of outstanding loans, the non-current rate was 7.43 percent as of Sept. 30, retreating from 7.70 percent a month earlier and sinking from 9.09 percent a year earlier.
Mississippi’s 14.41 percent non-current rate was higher than any other state.
New Jersey followed with a rate of 12.17 percent, then 11.16 percent in Louisiana, 10.76 percent in New York and 10.55 percent in Florida.
North Dakota’s 2.43 percent non-current rate was the highest in the country.
The U.S. non-current rate included a 30-day rate, excluding foreclosures, of 5.67 percent. That was a 23-basis-point improvement from August and 79 BPS better than in September 2013.
Also included in to the non-current rate was a foreclosure pre-sale inventory rate of 1.76 percent last month. The foreclosure rate was 1.80 percent in August and 2.63 percent 12 months earlier.