Mortgage Delinquencies Fall to Lowest Level Since ’08

SOURCE: Mortgage News Feed

Nearly every state in the nation saw foreclosure inventory drop in the fourth quarter of 2013, with the delinquency rate at its lowest level since early 2008, now at 6.39% of loans outstanding. The delinquency rate is down nationally, according to the latest figures from the Mortgage Bankers Association, having decreased two basis points during the fourth quarter of 2013 and down 70 basis points from a year ago.

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