National Foreclosure rate down 11 percent last month

According to the Mortgage Monitor, an independent group that analyzes the number of mortgages nationally, the number of foreclosures surprisingly declined by a huge 11% last month to a level not seen since 2008.  The improvement in the economy has allow more people to hold onto their properties.  This is shown to be a good sign but the number of mortgages that are delinquent in the 90+ day category is still huge.

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