Mortgage Delinquencies Drop To 10-Year Low

13 June 2017, Comments 0

“Nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017, according to CoreLogic’s most recent monthly Loan Performance Insights Report. This represents a 0.8 percentage point decline in the overall delinquency rate compared with March 2016 when it was 5.2 percent.

As of March 2017, the foreclosure inventory rate, which measures the share of mortgages in some stage of the foreclosure process, was 0.8 percent compared with 1 percent in March 2016. The serious delinquency rate, defined as 90 days or more past due including loans in foreclosure, was 2.1 percent, down from 2.7 percent in March 2016.”

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(source) http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=352971

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