Foreclosure rate is decreasing, but delinquency remains

03/28/2013 | Housing Wire · Housing Wire · National Mortgage Professional

About 1.5 million properties have been either bank owned or actively in foreclosure this quarter, according to the U.S. Foreclosure Inventory Analysis by RealtyTrac. The total is down 32% from a foreclosure peak in December 2010. Fannie Mae and Freddie Mac completed 130,000 foreclosure-prevention actions in Q4, according to the Federal Housing Finance Agency. The delinquency rate was 6.8% last month, an improvement compared with February 2012, according to Lender Processing Services.

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Housing Wire · Housing Wire · National Mortgage Professional

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