Overall mortgage delinquency fell to the lowest level in 17 years, while the rate of foreclosures has descended to the lowest level in a decade.
As of mid-2017, residential loans that were at least 30 days late or in the foreclosure inventory accounted for 5.53 percent of all such mortgages outstanding.
The non-current rate tumbled compared to three months earlier, when it was 6.10 percent. The improvement was far more significant versus 6.30 percent one year earlier.
Source: Mortgage Daily
