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The number of homeowners with past-due mortgages declined 0.5 percent in September compared with August and 12.7 percent compared with the previous year, according to Lender Processing Services (LPS). The delinquency rate includes loans that are 30 days or more past due, but not in foreclosure.

At the same time, the foreclosure inventory rate – which LPS calculates as loans that have been referred to an attorney, but have not yet reached the final stage of foreclosure sale – rose to 4.18 percent in September, up 1.7 percent from August and up 8.9 percent from September of last year.

According to LPS’ September study, the five states with highest percentage of non-current loans – which combines foreclosures and delinquencies – have held onto their rankings for three consecutive months. These include: Florida, Mississippi, Nevada, New Jersey, and Illinois.

States with the lowest percentage of non-current loans include: Montana, Alaska, Wyoming, South Dakota, and North Dakota

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