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Mortgage Delinquency Rate Tumbles to 17-Year Low

Mortgage News > Mortgage Delinquency Rate Tumbles to 17-Year Low
Date: 01/15/2019    Mortgage Delinquency Rate Tumbles to 17-Year Low

The number of homeowners falling behind on their mortgage payments has fallen to the lowest point since 2001, according to data from CoreLogic. The delinquency rate (including loans in foreclosure) dropped to 4.1% of all mortgages in October, down 5.1% from the year before. Foreclosure inventory also declined, falling to a 12-year low. CoreLogic credits the decrease in foreclosures and delinquencies to rising home prices, an improving job market and smarter lender underwriting.

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