The monthly rate of real-estate-owned filings has fallen to a level that is very near the pace of completed foreclosures prior to the housing crisis.
The share of residential loans that were past due at least 90 days was 2.5 percent as of Nov. 30, 2016 – the lowest share since August 2007.
Serious mortgage delinquency was previously reported at 2.5 percent as of a month earlier. As of a year earlier, the 90-day rate was 3.3 percent. Those performance metrics and more were presented by CoreLogic Inc. in its National Foreclosure Report November 2016.
New Jersey's 5.6 percent 90-day delinquency rate was the highest in the nation as of the latest month. After that was 5.0 percent in New York, then 4.2 percent in Mississippi, 4.1 percent in Louisiana and 3.7 percent in Maine.
At 0.9 percent, Colorado had the lowest rate of serious delinquency.
As of the most-recent month, around 325,000 U.S. mortgages were in some stage of foreclosure. The foreclosure inventory was 333,000 as of October 2016 and 465,000 as of November 2015.
The decline from a year earlier in the foreclosure inventory was the 61st year-over-year reduction.