The foreclosure inventory rate is at a 10-year low according to CoreLogic’s most recent Loan Performance Insights Report which also shows that, in June, 4.5% of all mortgages were in some stage of delinquency (down from 5.3% one year ago). The foreclosure inventory rate was 0.7%, down from 0.9% one year ago.
“After peaking at 3.6 percent in December 2010, June’s 0.7 percent foreclosure rate was the lowest in 10 years….Across the 100 most populous metro areas, the foreclosure rate varied from 0.1 percent in Denver-Aurora-Lakewood to 2.2 percent in New York-Newark-Jersey City.” Said Frank Martell, president and CEO of CoreLogic.
Click here to read the full report.
