Industry NewsMortgage

REO inventory swells again

LPS report also shows increases in early delinquencies
Published on Jul 6, 2010

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by CareyBot


The number of homeowners who were 90 days or more late on their mortgages or in the foreclosure process continued to ease during May, but inventories of bank-owned properties grew for the fifth month in a row, according to the latest statistics collected from loan servicers by Lender Processing Services.

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