October Foreclosure Rate Down 27.1% Year over Year

Irvine, CA, December 8, 2015—The foreclosure rate in October fell 27.1% year over year to 37,000, according to CoreLogic’s National Foreclosure Report.

On a month over month basis, completed foreclosures were down 12.3%.

Across the U.S., 463,000 homes, or 1.2% of all homes with a mortgage, were in some stage of the foreclosure process in October.

The seriously delinquent rate was 3.4%, the lowest it has been since December 2007.