Delinquencies fall to lowest level since 2008: MBA. The foreclosure-start rate rose to 1.08% of all mortgages for one- to four-unit residential properties in the third quarter, up from 0.96% in the second quarter, yet down from 1.34% a year ago, according to the report.
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– However, as the hurricane impact shifts away from delinquencies, foreclosure starts rose by 12 percent – More than two-thirds of that increase came from hurricane-affected areas of Texas and Florida – Overall, active foreclosure inventory continues to improve, falling another 10,000 loans in March to its lowest level since late 2006
The foreclosure process. note: The following is a generalized breakdown of the foreclosure process. If you’re interested in finding out about foreclosure laws in your state, please see our directory of Foreclosure Laws for All 50 states.. foreclosure Defined