The number of U.S. homes in some stage of foreclosure has declined by nearly 1 million since this time last year, according to a new report from Black Knight Financial Services (formerly known as LPS).

The total U.S. loan delinquency rate (loans 30 or more days past due, but not in foreclosure) stood at 5.97 percent in February, down 4.97 percent since January and down 12.28 percent since February 2013.

There were 91,993 foreclosures initiated during the month, down 2.21 percent from January and down 30.22 percent from this time last year.

Just fewer than 3 million properties were 30 or more days past due, but not in foreclosure, across the country, down 149,000 from January and down 419,000 since February 2013.

The number of seriously delinquent loans (those 90 or more days past due, but not in foreclosure) was 1,242,000, down 47,000 from January and down 241,000 since February 2013.

 The number of properties that were 30 or more days past due or in foreclosure totaled 4.1 million across the U.S. in February, down 209,000 from January and down 998,000 from February 2013.

The states with the highest percentage of delinquent loans were Mississippi (14.15 percent), New Jersey (13.63), Florida (12.88), New York (11.75) and Louisiana (11.27).