2012-03-23 — mortgagedaily.com
The quarterly performance of Alt-A and jumbo loans that are included in residential mortgage-backed securities improved. But foreclosure timelines are expected to deteriorate, with turnaround in judicial states more than double the time frames in their non-judicial counterparts...
The average foreclosure timeline was 654 in judicial states as of Dec. 31, 2011. Processing time was far worse than in non-judicial states, where the timeline was only 297 days.
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