Mortgage delinquencies decrease behind new stimulus

While the number of distressed mortgages continued to decline month-to-month in October, the number of serious delinquencies logged that month was three times higher than the total seen at the same time last year, according to CoreLogic.

The Loan Performance Insights Report showed that serious delinquencies - loans 90 days or more past due, including foreclosures - faded to 4.1% from 4.2% the month prior, but more than tripledthe year-ago rate of 1.3%.Mortgages past 120 days due but not ye...