It’s taken some time, but it appears that we’re finally making headway through the nation’s nasty mortgage markets.

Delinquent mortgages and foreclosures were undoubtedly the most public face of the housing crisis, but new research suggests that significant progress has been made in alleviating those ills.

According to new data from Black Knight, all four measures of the nation’s mortgage problems – delinquencies, serious delinquencies, REO properties and overall distressed properties – have dropped markedly in the last year.

Don’t take our word for it, though; check out the graph below for a better idea: