Tag Archive | "Robo-gate"

Foreclosure Inventories are 7.8 Times above Normal and Rising

Tuesday, February 8, 2011


A report by Lender Processing Services today confirms Fitch Ratings' analysis yesterday that the volume of defaulted loans moving to REO status has fallen to a trickle as a consequence of the Robo-gate scandal, contributing to a backlog of foreclosures that threatens to reverse the overall decrease in foreclosure inventory caused by the steady decline in new delinquencies last year.

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