The number of loans in foreclosure dropped almost 31 percent year over year in July, to 2.82 percent of overall mortgage loans. That’s the lowest foreclosure inventory rate since February 2009, according to Lender Processing Services.

The number of loans 30 days or more past due but not in foreclosure fell nearly 9 percent on an annual basis in July, to a 6.41 percent delinquency rate.

Source: LPS

Show Comments Hide Comments


Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Thank you for subscribing to Morning Headlines.
Back to top