According to real estate data company RealtyTrac, more than 45,000 homes were foreclosed nationwide in April, an increase of 50% from a year earlier and the highest level in a year and a half.  The number of foreclosures increased in thirty-three states in April, but was still only about half the number reached at the peak since the financial and housing crisis began in 2008 (more than 5 million homes have been foreclosed during this period).  Roughly one home out of every thousand was involved in the foreclosure process, which meets RealtyTrac’s criteria if it is subject to a default notice, scheduled auction or bank repossession.

However, CoreLogic reported only 41,000 foreclosures were completed on United States homes  in March,  representing a decrease of over 15%, or 7,000 homes, from March of 2014.  The number of homes in “serious delinquency” (i.e., 90 or more days past due, in foreclosure or bank-owned) was down nearly 20% from the previous March.  There was also a decline in foreclosure inventory of over 25% to 542,000 homes as compared to 729,000 a year earlier.

Separately, the latest Federal Reserve Bank of New York Household Debt and Credit Report indicated that only about 112,000 borrowers had new foreclosures reported on their credit reports in the first quarter of 2015, the lowest total in over fifteen years.  Also, the Mortgage Bankers Association’s National Delinquency Survey indicates that the delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a rate of about five and a half percent of all loans outstanding at the end of the first quarter of 2015 — the lowest level in almost eight years.