More homes entering foreclosure pipeline

RealtyTrac: Settlement gave lenders green light to resume actions against homeowners

The number of homes entering the foreclosure pipeline picked up after last year’s national mortgage settlement, a new report by foreclosure data aggregator RealtyTrac suggests.

RealtyTrac’s first-ever U.S. Foreclosure Inventory Analysis showed nearly 1.5 million U.S. properties were either in some stage of the foreclosure process or had been repossessed by lenders in the first quarter. That’s a 9 percent jump from the same time a year ago, but still well below a December, 2010 peak of 2.2 million homes, RealtyTrac said.