Industry NewsMarkets & Economy

New delinquencies could derail foreclosure progress

Volume of homes in foreclosure drops, but more may be on the way
Published on Aug 26, 2010

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by CareyBot

A survey of lenders shows the number of homes in the foreclosure process during the second quarter declined for the first time since 2006, but that foreclosure inventories could be driven back up by a surge in borrowers falling one payment behind on their mortgages.