REOs Rise Again as Other Mortgage Metrics Improve

Although most foreclosure metrics continue to improve the most in years, month-over-month deterioration was again reported for completed foreclosures.

Residential-loan delinquency of at least three months as of mid-year 2016 came to 2.8 percent, the same 90-day rate previously reported for May.

But a big improvement was made compared to June of last year, when the rate of serious mortgage delinquency was previously reported at 3.5 percent.

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From:: Financing