Foreclosures fall 17.8% from year ago levels

CHICAGO (MarketWatch) – The percentage of mortgages in foreclosure tied a record high in the fourth quarter of 2010 even though mortgage delinquencies hit their lowest level since the. but still up.

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Foreclosure activity plummeted 17.8% year-over-year in January with only 61,000 foreclosures completed last month, down from 75,000 a year earlier, CoreLogic reported.

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foreclosure starts.. YearoverYear 10.9% 11.2% 17.8% 20.0% 14.7% » March’s decrease was seen across all stages of delinquency » The rate of 30-day delinquencies hit their lowest level in 10 years » Likewise, 60-day delinquencies were at their lowest since March 2007, while the rate of.

Progress in this area has been agonizingly slow; the foreclosure pipeline now holds only about a half-million fewer troubled loans than at the peak two years ago. Until the flow of. When that share.

Foreclosures Fall to Lowest Level in Seven Years 17th mar 2014 Housing Market Articles U.S. foreclosure filings in February fell to the level in more than seven years, and dropped 10 percent from January, RealtyTrac reported.

The robo-signing scandal that engulfed the mortgage industry – court documents were signed en masse by employees who admitted they had no idea if the information was accurate – put foreclosure actions.

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