Foreclosures Up, Overdues Down

Harmon, Jennifer
May 2009
National Mortgage News;5/11/2009, Vol. 33 Issue 32, p3
Trade Publication
The article cites a report from Lender Processing Services Inc. (LPS) which revealed that foreclosure starts are continuing to increase to record highs but total delinquencies decline in March 2009 in the U.S. According to the report, the month's foreclosure rate was 2.52%, a month-over-month increase of 12.8%. LPS states that the decrease in foreclosure sales was due to the reinstatement of the Federal Housing Finance Agency (FHFA) moratorium in February 2009.


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