A new report by Lender Processing Services (LPS) reveals that the total U.S. loan delinquency rate climbed 2.4% in June to reach 8.15%, while the foreclosure pre-sale inventory rate also rose by 0.2% to 4.12%.
As compared to a year ago, the delinquency rate has fallen -14.7%, whereas the foreclosure inventory has risen 12.8%.
The number of properties that are 30 or more days past due, but in foreclosure is now 4,285,000, according to LPS. Comparatively, the number of properties in foreclosure pre-sale inventory stands at 2,167,000, bringing the total number of properties that are 30 or more days delinquent or in foreclosure to 6,452,000.
Meanwhile, the number of properties that are 90 or more days delinquent, but not in foreclosure is 1,906,000.
The states with the highest percentage of non-current loans, defined by LPS as the combined total of foreclosures and delinquencies as a percent of active loans in that state, are Florida, Nevada, Mississippi, New Jersey, and Illinois.
Conversely, the states with the lowest percentage of non-current loans are Montana, Wyoming, Alaska, South Dakota, and North Dakota.