he national delinquency rate and foreclosure inventory rate each fell to post-crisis lows in May, Lender Processing Services (LPS) reported Tuesday.
At 6.08 percent, the national delinquency rate in May stood at the lowest level since May 2008, when the rate was 5.96 percent.
Month-over-month, the delinquency rate decreased 2.1 percent from April and plunged 12 percent from May 2012.
At the same time, the foreclosure inventory rate slipped to 3.05 percent, which represents the lowest point since March 2009 when the rate was 2.90 percent. The rate has also fallen for 13 straight months now.
Over the last year, foreclosure inventory has plunged 27 percent and also fell by 3.9 percent over the last month.
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