Industry NewsMortgage

Foreclosure backlog grows again in November

LPS figures show downward trend in delinquencies
Published on Dec 28, 2010

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by CareyBot

The robo-signing controversy continues to slow the progress of homes through the foreclosure process and into lenders' real estate owned inventories, the latest numbers from mortgage-data aggregator Lender Processing Services show.

A record 2.16 million first-lien mortgages were in some stage of the foreclosure process at the end of November, LPS said -- the fifth consecutive monthly increase.

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