By Jann Swanson
Posted To: MND NewsWire
While activity related to distressed mortgage loans continues to grind its way back to normal levels, CoreLogic says that 17 of the 25 judicial foreclosure states still have delinquency levels at or above the national rate of 4.0 percent. Only five of the 26 non-judicial jurisdictions had rates that high. . CoreLogic says that there were 1.5 million mortgages that were seriously delinquent (90 or more days past due) in February, down 19.3 percent from one year earlier and 1.1 percent from January. The national delinquency rate is the lowest since June 2008. The foreclosure inventory, that is homes that are in the process of foreclosure, consisted of 553,000 mortgaged properties in February, a 27.3 percent decrease from February 2014 when an estimated 761,000 homes were actively in foreclosure…(read more)
Via:: Judicial States Continue to Elevate Foreclosure Stats
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