The number of Americans who are in the foreclosure process has fallen by nearly 25 percent in the past year, according to new data out by Lender Processing Services.
For the first time since July 2008, the delinquency rate—loans 30 days or more past due—fell below 6.5 percent, according to LPS’ April report. The delinquency rate is down 9.61 percent from year-ago levels.
The following states have the highest percentage of non-current mortgages, according to LPS’ April report:
• New Jersey
• New York
On the other hand, the states with the lowest percentage of non-current loans are:
• South Dakota
• North Dakota
Source: “Number of Americans in foreclosure plummets: LPS,” HousingWire