According to RealtyTrac’s 2015 Year-End U.S. Foreclosure Market Report, released Thursday, overall foreclosure activity dropped to a nine-year low in 2015 – the lowest since before the recession in 2006. The trend is the result of a 10-year low in foreclosure starts, RealtyTrac said.

“This is largely the result of much tighter loan origination standards found in previous years, primarily 2010 and forward,” Daren Blomquist, vice president for RealtyTrac, said. “That is, we are reaping the rewards of that in much lower foreclosure rates. At the same time, we are finally getting through the backlog of distressed properties that were left behind from the last housing crisis.”

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.