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The national mortgage delinquency rate in the US inched upwards in August over July but was down considerably from the same time last year, according to Black Knight Financial Services.

Using data from its loan-level database, which covers about two-thirds of the entire US housing market, the real estate data firm found that 4.83 percent of mortgage holders were 30 or more days behind on their loan payments but facing foreclosure.

That’s the criteria that Black Knight Financial Services uses to track the delinquency rate.

Although August’s delinquency rate marks a 2.47 per cent increase month-over-month, it’s a far cry from where things stood last year at the same time. In fact, it’s an 18 percent decrease over the delinquency rate back in August 2014.

While 2,447,000 American properties are owing past-due loan payments, August’s year-over-year delinquency-rate decline is also the biggest since May 2011. This follows a recent CoreLogic report that showed US foreclosures were also in decline.

In August, the state with the lowest percentage of foreclosures and delinquencies — which is expressed in what’s called the non-current rate — was North Dakota at 2.11 percent.

Mississippi had the highest percentage of foreclosures and delinquencies in the US. There, 12.95 percent of all active loans were in foreclosure or delinquent.

The state that has seen the greatest non-current rate improvement over six months as of August was Florida. The non-current rate was down 17.93 percent to 7.73 percent.

All 50 states saw a six-month decline, with Wyoming gaining the least at a modest 0.69 percent improvement to a relatively low rate of 4.21.

The Black Knight Financial Services data released today is a first look at the corporation’s monthly Mortgage Monitor report. The full September report is due out October 5th.

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