Delinquency on residential loans improved both on a month-over-month and year-over-year basis, as did the rate of foreclosures.

As last year concluded, 2.731 million residential loans were either at least 30 days past due or in the foreclosure pre-sale inventory.

The non-current count declined from Nov. 30, when the total was 2.761 million, and year-end 2015, when the number was 3.097 million.

Source: Mortgage Daily