Thursday, September 29, 2011

Proprietary Modifications Unchanged, Foreclosure Starts Rise

While proprietary loan modifications remained level from July to August, foreclosure starts increased 18 percent, rising from 185,000 in July to 218,000 in August.
Completed foreclosure sales also increased for the month, rising 5 percent from 65,000 to 68,000.
The number of homeowners 60 or more days delinquent fell slightly from July to August, falling from 2.81 million to 2.80 million.
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