National Foreclosure Inventory and Delinquency Rates Continue to Decline

CoreLogic’s July National Foreclosure Report showed that national foreclosure inventory and seriously delinquent loans have continued to decline. July’s foreclosure inventory was 32% less than a year ago, 4.4% less than June, and marked the 21st consecutive month in foreclosure inventory declines. Meanwhile, the rate of seriously delinquent loans reached its lowest level since December 2008 and is now at 5.4% of all loans. Anand Nallathambl, president and CEO of CoreLogic, stated “Not surprisingly, non-judicial states have come the farthest the fastest in reducing shadow inventory and lowering delinquency rates.” To view the entire report, visit http://bit.ly/15jSaqY.

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