For the first time since the national housing crisis, the monthly pace of completed foreclosures has fallen back to pre-crisis levels.
Residential loans that were at least 90 days past due accounted for 2.6 percent of all U.S. loans outstanding as of year-end 2016.
The rate of serious mortgage delinquency turned out to be the lowest it’s been since June 2007 based on historical performance data.
Source: Mortgage Daily
