The monthly rate of real-estate-owned filings has fallen to a level that is very near the pace of completed foreclosures prior to the housing crisis.
The share of residential loans that were past due at least 90 days was 2.5 percent as of Nov. 30, 2016 — the lowest share since August 2007.
Serious mortgage delinquency was previously reported at 2.5 percent as of a month earlier. As of a year earlier, the 90-day rate was 3.3 percent.
Source: Mortgage Daily