MBA: Mortgage Delinquency and Foreclosure Rates Decrease in Q3

From the WSJ: Foreclosure Starts Hit Lowest Level Since 2005 About 0.38% of loans went into the foreclosure process during the third quarter, according to a report released Tuesday by the Mortgage Bankers Association, the lowest rate since the second quarter of 2005. About 3.57% of loans were at least 90 days past due, the lowest rate since the third quarter of 2007. ... 1.88% of loans were in some stage of the foreclosure process nationwide ... Click on graph for larger image. This graph shows the percent of loans delinquent by days past due. The percent of loans 30 and 60 days delinquent......(read more)

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