Seriously Delinquent Mortgages Fall to 5-Year Low

The number of mortgages that were ‘seriously ‘ in November fell to the lowest level since the end of 2008, according to a new data from property information firm CoreLogic. Completed foreclosures also dropped, an indication that the U.S. housing market is getting back on stable footing.

In November there were less than 2 million mortgage loans that were classed as seriously delinquent – those that were late by 90 days or more – accounting for roughly

5 percent of all mortgages, the lowest rate in five years.

At the same time, there were 46,000 completed foreclosures, an 8.3 percent decline from October’s 50,000 and a 29 percent drop from the previous year when there were 64,000. As positive as November’s improvement was, it is still more double the average before the mortgage meltdown in 2007. Between 2000 and 2006 Teaching teams should be tried writemyessay4me.org in other settings as well, for their potential to support ongoing teacher development and improve instructional services to children

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