Tag Archives: National foreclosure inventory drops: LPS

U.S. homes in foreclosure fell significantly in the latter part of 2012 as the influence of the national foreclosure settlement took hold, delaying the overall pace of foreclosures. The percentage of U.S. homes in the national foreclosure inventory fell to 3.51% in November, a 2.84% drop from October and a 10% decline from September, mortgage analytics firm Lender Processing Services said Monday. LPS believes the sharp two-month drop between September and November reflects the impact of servicing requirements from the National Mortgage Settlement taking hold and delaying foreclosure starts. However, the research […]