Colorado 6th best in nation for noncurrent loans

In Colorado, 6.5 percent of active mortgage loans were non-current during February, down 13.4 percent from the same period in 2011.

Only five states reported lower percentages of non-current loans. Non-current loans are those that are 90-plus-days delinquent or in foreclosure.

According to the report by Lender Processing Services, the percentage of non-current loans decreased three times faster in states with non-judicial foreclosures than states with judicial foreclosures. Colorado is a non-judicial foreclosure state, using a public trustee to process foreclosures.

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A judicial foreclosure is required to be processed through a state’s court system.

The only states with lower percentages of non-current loans were Montana, Alaska, Wyoming, South Dakota and North Dakota.