Mortgage delinquencies continue to decline; good news for the real estate market!

dennis-norman-st-louis-realtor-mortgage-delinquenciesThe U.S. mortgage loan delinquency rate was 7.57 percent of all home loans in February, down 5.0 percent from the month before and down 14.0 percent from a year ago, according to the “First-Look” report issued by Lender Processing Services, one of the countries largest loan servicers and aggregators of loan performance data. The foreclosure presale inventory rate was 4.13 percent in February, a 0.5 percent decrease from the month before and a 0.3 percent decrease from a year ago. Continue reading “Mortgage delinquencies continue to decline; good news for the real estate market!