Although mortgage delinquency has deteriorated for three consecutive months, the number of loans in foreclosure fell to an almost 10-year low.
Residential loans that were delinquent at least 30 days or in the foreclosure pre-sale inventory numbered 2.761 million as of Nov. 30, 2016.
That was 55,000 more non-current loans than as of the end of the prior month. But it was 428,000 fewer units than as of the same point last year.
Source: Mortgage Daily
