Annually, early-stage delinquencies were down from 1.5% to 1.1%, adverse delinquencies dipped from 0.7% to 0.3%, and serious delinquencies fell from 4.2% to 2.4% in September.
The foreclosure inventory rate also remained at its lowest level since 1999, down from 0.3% to 0.2% year over year.
Read more: Home equity gains reach record $3.2 trillion
“Record home equity levels have been a boon to many homeowners navigating the cross-currents of the pandemic,” said Frank Martell, president and CEO of CoreLogic. “Not only have homeowners used this equity to fuel a record level of home improvements and renovation, it has proven to be a vital factor in helping families ward off foreclosure, pay down existing debt and weather changing market conditions.”