Despite a modest up tick in the mortgage delinquency rate, the rate of properties in the foreclosure process descended to the lowest level in nine years.
A total of 2,674,000 U.S. residential loans were either delinquent at least 30 days or in the foreclosure pre-sale inventory as of Sept. 30 of this year.
The inventory was slightly diminished versus the prior month, when the total was 2,678,000, but much less than a year prior, when the number was 3,194,000.
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From:: Financing