Foreclosure pre-sale inventory was down 19.6 percent in February from a year ago, to 1.7 million homes, according to the latest "First Look" Mortgage Report from Lender Processing Services.

The mortgage delinquency rate fell to 6.8 percent in February, dropping 6.5 percent on an annual basis and 3.2 percent from January, LPS said.

Mortgages on 3.4 million were 30 days or more past due but not in foreclosure. Among those, 1.5 million mortgages were 90 days or more delinquent.

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