Delinquency of residential loans in Q3 dropped significantly from a year ago. Delinquency of residential loans at least 60 days tardy in the 3rd quarter dropped to 2.4% from 3.36% for the same period last year.

Florida's delinquency rate had an even more impressive improvement. A year ago the rate was 6.42% in Q3 2014. This year the rate has fallen to 3.75%, the biggest drop of any state. The Sunshine State is well on the way to recovery.