Lender Processing Services (LPS) has released its First Look mortgage report on August 2011 month-end mortgage performance.
The report showed that the total U.S. loan delinquency rate or loans 30 or more days past due, but not in foreclosure has risen by 8.13%.
LPS data showed that while delinquencies rose in August, the month-over-month change in the delinquency rate as well as the year-over-year shift in the rate had both fallen by 2.5% and 11.8%, respectively. The total U.S. foreclosure pre-sale inventory is at 4.11%.
The data also showed that the states with the highest percentage of non-current loans are Florida, Mississippi, Nevada, New Jersey and Illinois.
Meanwhile, the states with the lowest percentage of non-current loans are Montana, Wyoming, Arkansas, South Dakota and North Dakota.
