LPS Study Finds Pace of Delinquencies Is Slowing
While delinquency rates in the United States continue to reach new highs, the pace of deterioration has slowed, Lender Processing Services (LPS) said Monday.
Still, company's analysts caution that the nation's housing market remains far from a full recovery.
According to LPS' latest Mortgage Monitor report, nearly 7.5 million loans are in some stage of delinquency or foreclosure, with an additional one million properties in REO or post-sale foreclosure.