As last year’s hurricanes continue to have an impact on the performance of mortgages, delinquency tumbled and new foreclosure filings soared.

At the conclusion of January, there were 2.539 million U.S. residential loans that were either 30 days or more past due or in foreclosure.

Included in the non-current mortgage inventory were 2,202,000 mortgages that were not in foreclosure and 337,000 loans in the foreclosure pre-sale inventory.

Source: Mortgage Daily