The foreclosure inventory fell to a more than decade low. Improvement in the foreclosure rate was more than offset by hurricane-related deterioration in the 30-day rate.
On Oct. 31, the number of single-family loans that were either at least 30 days past due or in the foreclosure pre-sale inventory came to 2.610 million.
The non-current count included 2.262 million loans that were delinquent 30 days but not in foreclosure, and 0.348 million mortgages in the pre-sale foreclosure inventory — "falling below 350,000 for the first time since 2006."
Source: Mortgage Daily