Mortgage delinquency declined last month, the foreclosure rate fell, and the number of foreclosures that were initiated moved lower.
As of the end of August, there were 2,678,000 residential loans that were either 30 days past due or in the foreclosure pre-sale inventory.
The number of non-current mortgages retreated by 158,000 compared to one month earlier and by 483,000 versus one year earlier.
…read more
From:: Financing