The level of late payments on America’s home loans retreated last month — leaving performance metrics looking better than anytime in the last 11 years.
March 2017 closed out with 2.279 million residential loans that were either at least 30 days past due or in the foreclosure pre-sale inventory.
That number was way down from one month prior, when the total worked out to 2.605 million, and one year prior, when it came to 2.693 million.
Source: Mortgage Daily
