Foreclosure inventory down, new delinquencies up
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CHICAGO (MarketWatch) — The percentage of homes somewhere in the foreclosure process fell in the second quarter, the first drop since 2006 and the largest quarter-to-quarter drop since 2005, the Mortgage Bankers Association reported on Thursday. Still, the group’s quarterly delinquency report showed that short-term delinquencies are increasing, which could signal another rise in foreclosures to come. [...]
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