A seven-month run for year-over-year increases in mortgage delinquency came to an end last month as the number of loans in active foreclosure was the lowest in more than a decade.
Residential loans that were at least 30 days past due or in foreclosure amounted to 2.199 million mortgages as of the conclusion of April 2018.
Making up the total were 1.885 million U.S. loans that were at least 30 days past due and another 314,000 mortgages in the foreclosure pre-sale inventory.
Source: Mortgage Daily
