A majority of the largest metropolitan areas in the U.S. recently received good news on the mortgage front, as foreclosures dropped in the third quarter.
Home seizure activity slumped on an annual basis in 62 percent of the nation’s 212 largest population centers during the period, according to the latest data from the Metropolitan Foreclosure Market Report issued by the housing market firm RealtyTrac. A similar amount – 63 percent – also saw this type of issue fall on a monthly basis as well.