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Released: June 03, 2011
Foreclosures may have crested, but recovery’s slow
Source: Julie Schmit, USA Today
Fewer U.S. home loans are going delinquent and new problem loans have hit three-year lows, possible signs that a five-year wave of foreclosures is starting to recede. Almost 8% of U.S. home loans were at least 30 days past due in April but not yet in foreclosure. That was up slightly from March but down 16% from a year ago, says LPS Applied Analytics, which tracks the mortgage market.Read Full Article: Foreclosures may have crested, but recovery’s slow
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