The number of Americans who are in the foreclosure process has fallen by nearly 25 percent in the past year, according to new data out by Lender Processing Services.
For the first time since July 2008, the delinquency rate—loans 30 days or more past due—fell below 6.5 percent, according to LPS’ April report. The delinquency rate is down 9.61 percent from year-ago levels.
The total U.S. foreclosure pre-sale inventory rate hit 3.17% in April, down 24.55% from year ago levels. Read more ....
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