After falling to the lowest level in a dozen years, 30-day delinquency moved down by another 9 basis points. Also improving was the foreclosure inventory rate.

When August concluded, there were 2,099,000 U.S. residential loans that were either at least one month delinquent or in the process of foreclosure.

The non-current count consisted of 1,818,000 mortgages that were at least 30 days past due and another 280,000 units in the foreclosure pre-sale inventory.

Source: Mortgage Daily