According to Equifax's March National Consumer Credit Trends Report and Creditforecast.com, a joint product of Equifax and Moody's Analytics, total delinquent first mortgage balances are under $500 billion in March 2012, the lowest since January of 2009.

Also see Foreclosure Starts See 31 Percent Year-Over-Year Drop in March:

The March Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that while March foreclosure starts increased a modest 8.1 percent since last month, overall, they were still down more than 31 percent year-over-year. Also in March, first-time foreclosure starts hit a five-month high. However, despite the increase, the number of first-time foreclosure starts in March was still far below those seen throughout much of 2011 and all of the previous three years.

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