The MBA delinquency report, in addition to foreclosure and delinquency numbers (see our coverage of the report here) also covers total mortgage loans being serviced in the state.
The first graph shows that the total number of mortgages has declined from its peak of 1,020,000 during the third quarter of 2007, to a total of 940,000 during the second quarter of 2013. That's a decline of 7.8 percent.
The totals provided by the MBA report also allowed us to analyze how much of the foreclosure inventory was actually going to final foreclosure sale during a given quarter. In the second graph, I've graphed the proportion. I've taken the total number of mortgages in the foreclosure inventory and compared them to the total number of foreclosure sales: