As of September, 267 out of 384 U.S. metropolitan areas posted an annual increase in their overall delinquency rate, according to CoreLogic. In fact, thirty-eight states saw overall mortgage delinquency rates increase year over year in September. To truly understand the overall foreclosure inventory picture, you need to understand the timelines of three terms: Early Stage Delinquencies, Adverse Delinquencies, and Serious Delinquencies. ESDs comprise the 30 - 59 day range; ADs comprise the 60 - 89 day range; and SDs are 90 days or more delinquent. To understand the delinquencies, though, one needs to understand . . .
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