Relevant:
- Huge Spike in Repeat Foreclosure
- Foreclosure Python Snacks More Lightly: Total Delinquent First Mortgage Balances Hit Three-Year Low in March
- Mortgage Delinquencies Continue to Decline as Foreclosure Inventories Climb
- foreclosure inventories rise to all time highs
- Foreclosure starts jump 28 percent in January : LPS
2011-03-04 — nationalmortgageprofessional.com
"The January Mortgage Monitor Report released by Lender Processing Services Inc. (LPS) shows that while foreclosure starts decreased in the first month of 2011, they still outnumber foreclosure sales by almost three to one. At the same time, repeat foreclosures—loans that had cured in one way or another, but have fallen back into foreclosure - now account for more than 35 percent of foreclosure starts. As of the end of January, foreclosure inventories stood at nearly eight times historical averages (and 25 times January 2011's level of foreclosure sales), with delinquencies more than double historical norms."
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