CoreLogic said that there were 1.969 million mortgagesrnconsidered seriously delinquent, that is 90 or more days past due or inrnforeclosure, in November compared to 2.021 million in October, a decline of 2.6rnpercent.  November delinquencies wererndown 26.3 percent from the 2.637 million mark 12 months earlier.  The national delinquency rate is now 5.0rnpercent, the lowest percentage since November 2008.</p

There were approximately 812,000 homes in some stagernof foreclosure in November, down from 1.2 million one year earlier, a decreasernof 34 percent and 4.6 percent below October’s foreclosure inventory.  Homes in foreclosure during the recent periodrnrepresented 2.1 percent of mortgaged homes, down from 3 percent in Novemberrn2012.</p

The states with the highest foreclosure inventory asrna percentage of mortgaged homes are Florida (6.6 percent), New Jersey (6.5rnpercent, New York (4.7 percent) and Maine and Connecticut, each at 3.5 percent.  Thirty-five states have inventories lowerrnthan the national rate of 2.3 percent with the lowest percentages being inrnWyoming (0.4 percent), Alaska (0.5 percent) and North Dakota, Nebraska andrnColorado (all 0.6 percent.)</p

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Thernshadow inventory or pending supply which includes properties which arernseriously delinquent, in foreclosure or in servicers’ owned real estate inventoriesrnbut not yet listed on Multiple Listing Services.  The shadow inventory decreased 24 percentrnfrom 2.2 million homes in October 2012, a 5.8 month supply, to 1.7 million inrnOctober 2013, a 3.5 month supply;rnalmost half are delinquent but not yet foreclosed.</p

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The inventory is now down 43 percent from the peak</bof 3 million homes reached in January 2010 with double-digit decreases in therninventory on a year-over-year basis for each of the last 13 months.  The value of the inventory was $256 billion asrnof October 2013, down from $348 billion a year earlier.  </p