Mortgage delinquency has decreased each of the last five months, the foreclosure rate fell to a 15-year low, and the number of foreclosures started slowed to near a 17-year low.

As of May 31, there were 2.171 million U.S. single-family loans that were either at least 30 days past due or in the foreclosure inventory.

Included in the total were 1.867 million mortgages that were delinquent a month but not in foreclosure and 303,000 units in the foreclosure inventory.

Source: Mortgage Daily