Mortgage delinquencies hit lowest level since 2008

Foreclosure rate is 3 times higher in judicial foreclosure states

Unless you live in a state where courts handle foreclosure proceedings, don’t expect a flood of distressed properties to relieve for-sale inventory shortages anytime soon.

Both the share of U.S. mortgage loans in delinquency and those in the foreclosure process hit their lowest levels since 2008 last quarter, according to the