Black Knight: US delinquency rate sets 4-year benchmark

As of August, only 4.83 percent of all active loans were 30 or more days delinquent but not in foreclosure.

This percentage equates to a year-over-year rate decline of 18.22 percent — the highest such drop since May 2011, according to data from Black Knight Financial Services.

The year-to-year drop occurred despite a month-to-month delinquency rate increase of 2.47 percent.

Black Knight also found that 1.7 percent of all active loans are more than 90 days delinquent.

States with the highest percentage of loans that meet this description were all located in either the South or Northeast.

The group includes:

Mississippi (4.43 percent)
Louisiana (3.13 percent)
Alabama (2.97 percent)
Rhode Island (2.83 percent)
Arkansas (2.66 percent)

Overall, foreclosure…