US homes lost to foreclosure drops 9 pct in Oct.

This figure might have decreased due to the temporary foreclosure band by some mortgage servicers.

The decline represents the first significant hitch in a foreclosure steamroller that's had lenders on pace to seize more than 1 million homes this year.

In recent weeks, some lenders that had suspended taking action against borrowers severely behind in payments have announced plans to resume doing so, though at a more measured pace, in an attempt to ensure there aren't any flaws in the process.

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