Ga. has 7th-worst non-current loan rate -

 Atlanta Business Chronicle:

Georgia’s foreclosure inventory rate was below the national average in February, but the Peach State was among the worst for non-current loans, according to data Monday from Lender Processing Services Inc.

Georgia’s foreclosure inventory rate stood at 2.6 percent, while the U.S. average was 3.3 percent.

Georgia’s delinquency percentage was 13.4 percent, compared with the U.S. average of 10.2 percent, the report said.

The Peach State’s non-current loan percentage was 16, ranking it seventh-worst among the states. Non-current totals combine foreclosures and delinquencies as a percent of active loans in that state.

The U.S. non-current loan rate in February was 13.5 percent.

The states with the most non-current loans were Florida, Nevada, Arizona, Mississippi, California, New Jersey, Georgia, Illinois, Ohio and Indiana.

The states with the fewest were North Dakota, South Dakota, Alaska, Wyoming, Nebraska, Montana, Vermont, Colorado, Washington and Minnesota.

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Posted via email from Jim Nichols