While the nation’s foreclosure inventory and volume of 90-plus day delinquent mortgage loans have been on the steady decline nationwide as a whole, those levels remain elevated in some areas.
Namely in three states—Florida, New York, and New Jersey, which hold approximately one quarter of the nation’s homes currently in foreclosure and mortgages that are three months or more past due, collectively known as non-current inventory, according to Black Knight Financial Services’ March 2016 Mortgage Monitor released on Monday.
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