Foreclosure Activity Drops Off at Year-End

Foreclosure activity dropped off significantly at the end of 2016, with diving rates of both completions and inventory in November, CoreLogic reports. According to its November 2016 National Foreclosure Report, completions fell 25.9 percent in November to 26,000, and inventory, which included 325,000 of all homes with a mortgage, fell 30 percent.
The number of mortgages in 90-days-or-more delinquency, in addition, fell 22.1 percent in November, with 1 million mortgages in serious delinquency&mda