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Judicial States Continue to Elevate Foreclosure Stats

While activity related to distressed mortgage
loans continues to grind its way back to normal levels, CoreLogic says that 17
of the 25 judicial
foreclosure states still have delinquency levels at or above
the national rate of 4.0 percent. Only five of the 26 non-judicial jurisdictions
had rates that high. .

CoreLogic says that there were 1.5 million
mortgages
that were seriously delinquent (90 or more days past due) in February,
down 19.3 percent from one year earlier and 1.1 percent from January.  The national delinquency rate is the lowest
since June 2008.

 

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