Thirty-day delinquency jumped last month more than it has in a decade. But the level of foreclosures is now lower than before the recession.
Residential loans that were either at least 30 days delinquent or in the foreclosure inventory numbered 2.317 million as of Sept. 30, Black Knight Inc. reported.
The U.S. non-current inventory consisted of 2.049 million mortgages delinquent but not in foreclosure, and another 268,000 loans in the foreclosure pre-sale inventory.
Source: Mortgage Daily