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New Foreclosure Actions Jump Nearly 20% in August
Data released by Lender Processing Services (LPS) Monday shows that foreclosure starts were up in August by 19.7 percent when compared to the previous month.
However, overall foreclosure starts were down more than 12 percent from August of last year.
At the same time, LPS says the number of loans in the 90-plus day delinquency bucket on which foreclosure has not been initiated has contracted to levels not seen since 2008, and the loan deterioration rate is less than half that seen in 2009.
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