Foreclosure rates take a plunge, according to MBA and CoreLogic

Analysts make splash with reports noting delinquent mortgages are falling to levels not seen since financial and housing markets collapsed

Thanks to steady improvements in the economy and rising home prices, mortgage delinquencies and foreclosures continue to drop off, according to recent analyst reports. Both the Mortgage Bankers Association (MBA) and CoreLogic are reporting that delinquency and foreclosure rates are at lows we have not seen since the financial and housing market collapse.