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.”

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