Foreclosure backlogs persist

Robo-signing impacts felt most in judicial foreclosure states

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The improving job market and economy is helping push mortgage delinquencies and foreclosure starts down, but the percentage of loans in the foreclosure process remains stubbornly high, especially in states most affected by robo-signing issues, according to a quarterly survey of lenders by the Mortgage Bankers Association.

Since peaking at 10.1 percent in March 2010, the percentage of borrowers behind on their house payments has fallen to a seasonally adjusted 7.6 percent at the end of 2011 — about halfway to the pre-recession average of roughly 5 percent, said MBA Chief Economist Jay Brinkmann.