The nation’s foreclosure inventory has contracted for 18 consecutive months and is now at its lowest point since the end of 2008, totaling 1.28 million loans, or just 2.54 percent of today’s active mortgages. Through the first 10 months of 2013, the foreclosure inventory rate has plummeted 26 percent.
Compared to last year, the rate of mortgages 30-plus days delinquent is down 10.69 percent.
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