Almost 7 1/2 Million “troubled loans”
According to Lender Processing Services (LPS), a leading source of mortgage performance data and analytics, there are close to 7 1/2 million non-current and/or REO (bank owned) loans in the market place. LPS reported this number based upon data from the end of March, 2010.
The report had the foreclosure inventories at 3.27% more than the national average in Florida, Nevada, New Jersey, Arizona, California, Illinois, Indiana and Ohio with 16 states showing an increase in default loans.
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Tags: REO, Short Sale, Stats


Mon, May 10, 2010
Statistics