US mortgage foreclosures (2Q) 1.29% vs 1.39% last quarter

Mortgage delinquincies (2Q) 4.24% vs 4.71% last quarter.

The US mortgage foreclosures for the 2Q came in at 1.29%. That is down from 1.39% in the 1Q and the lowest level since March 2007.

There was good news on the delinquincies as well with a fall to 4.24% from 4.71% last quarter. That took out the lows from 2005 and 2006 and is at the lowest level since 2Q of 2000.

The existing home sales were not all that great but the health of the housing sector seems to be fairly healthy for the lenders as both these measures are near multi year lows.