By Jann Swanson | Mortgage News Daily
CoreLogic reports that mortgage delinquencies in March were at a 10 year low. The company’s Loan Performance Insights Report shows that 4.4 percent of active mortgages were in some stage of delinquency-30 or more days past due or in foreclosure-in March. This is down 0.8 percent from March 2016 when the delinquency rate was 5.2 percent.
The foreclosure inventory rate, the share of mortgages in some stage of the foreclosure process, was down year-over-year by 0.2 percentage point to 0.8 percent. Serious delinquencies, mortgages 90 or more days past due including those in foreclosure, fell from 2.7 percent in March 2016 to 2.1 percent.
