Well, it’s a stretch but definitely good overall news, foreclosure activity was slightly down in September.

They fell 8% in September from a 32-month peak in August. Still, they were close to double year-ago levels, according to USA Today.

A total of 223,538 foreclosure filings were reported in September, down from August’s 243,947 but up from 112,210 in the same month a year ago, according to RealtyTrac of Irvine, Calif.

Despite the monthly decline, the September figure represents the second-highest total for filings in a month since the company began tracking filings two years ago.”

So is it good news if foreclosures are up a 50% from a year ago but slow their pace last month? We’ll see comes next month’s numbers. So far, I say it is but I would say the problem is contained.

Thanks Calculated Risk.