The total U.S. mortgage delinquency rate (loans that are 30-plus days past due but not in foreclosure) fell 3.90% in September, compared to August, according to Black Knight's First Look mortgage report.
What's more, the total delinquency rate was down 12.22% compared to September 2013, according to the report.
The total U.S. foreclosure presale inventory rate was 1.76%, down 2.20% compared to August and down 33.02% compared to September 2013.
The inventory of seriously delinquent properties (90 or more days past due) in September reached its lowest since August 2008.
Foreclosure starts, however, increased compared to the previous month. According to the report, there were about 91,000 foreclosure starts in September, an increase of 11.52% compared to August, but down 16.51% compared to September 2013.
The monthly prepayment rate was a mere 0.94%, down 1.96% compared to August and down 10.25% compared to September last year.
Foreclosure sales of homes that were 90-plus days or more delinquent represented about 1.80% of all homes with a mortgage, up 4.60% compared to August but down 13.04% compared to September 2013.
About 2.9 million properties were 30 days or more past due but not in foreclosure, down about 117,000 properties compared to August and down about 388,000 properties compared to September last year.
About 1.1 million properties were 90-plus days past due but not in foreclosure, down about 25,000 properties compared to August and down about 213,000 properties compared to September 2013.
There were about 893,000 properties in the foreclosure inventory, down about 20,000 compared to August and down about 435,000 compared to September of last year.
About 3.8 million properties were 30-plus days or more past due or in foreclosure (combined), down about 137,000 compared to August and down about 822,000 compared to September 2013.
States with the highest delinquency rate in September included Mississippi (14.41%), New Jersey (12.17%), Louisiana (11.16%), New York (10.76%) and Florida (10.55%).
States with the lowest delinquency rate included Minnesota (4.03%), Montana (3.89%), Colorado (3.72%), South Dakota (3.64%) and North Dakota (2.43%).