The industry’s foreclosure inventory contracted again in November upon continued improvements on the housing and economic fronts.
Although on a monthly basis, the inventory of homes in foreclosure fell slightly by 1.72 percent, year-over-year, it was down 28.81 percent.The data and analytics firm released a preview of its November 2013 month-end mortgage performance statistics, showing there are now 1,256,000 mortgage loans in foreclosure, or 2.5 percent of all outstanding mortgages nationwide. Foreclosures are falling, but they still remain a problem in some pockets across the country. #Home Foreclosure activity in November was found to be the highest in the following states. See states
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