The housing recovery is still pushing through full-steam, according to CoreLogic's latest National Foreclosure Report.
There were 470,000 homes, representing 1.2% of all mortgaged residential properties, in various stages of noncompleted, first-lien foreclosure in September, down 24.3% year-over-year.
Meanwhile, completed foreclosures fell nearly 18%, to 55,000, according to data collected by the Irvine, Calif., property analytics firm.
Mortgages in serious delinquency were also less common. The number of home loans that were 90 days or more past due dropped 21.2%, to 1.3 million, or 3.4% of mortgages. This is the lowest serious delinquent mortgage rate since December 2007.
"The rate of delinquencies continues to drop back closer to historic norms powered by improved economic conditions and tighter post-recession underwriting standards," said CoreLogic President and Chief Executive Anand Nallathambi in a Nov. 10 press release.