Mortgage delinquency retreated last month thanks to a foreclosure inventory that has plummeted to the lowest level since the Great Recession.

Residential loans that were at least 30 days past due or in the foreclosure inventory numbered 2.528 million as of the conclusion of February.

The total included 2.198 million mortgages at least 30 days past due and another 331,000 loans in the foreclosure inventory, a new post-recession low.

Source: Mortgage Daily