Mortgage Delinquencies Decline

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The mortgages that are at least 30 days late decreased more last month than it has in over a year.

Delinquencies in February 2011 were down 1.2 percent from January 2011 and 18.4 percent from last year at this same time.

But the foreclosure inventories are still quite high and significantly higher than last year at this time. Right now there are approximately 2,196,000 foreclosures in the market and there is a total of 6.865,000 that are 30 delinquent or already in the foreclosure process.

The states with the highest numbers of foreclosures are Florida, Nevada, Mississippi, New Jersey and Georgia. The states with the lowest numbers are Montana, Wyoming, Alaska and North Dakota.

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