The percentage of homes in foreclosure dropped nationwide last month, but the percentage of borrowers behind on their payments rose slightly, according to a report released Wednesday.
In sign of continued recovery in the housing market, about 3.44% of mortgages were in some stage of the foreclosure process in December, according to Lender Processing Services Inc., a mortgage and consumer loan processing firm.
Fewer homes in foreclosure, but late payments rise
Most Popular Articles
Latest Articles
FundingShield’s Ike Suri on the limits of AI in fighting fraud
Fundingshield CEO Ike Suri talks about rising fraud risks, what keeps him up at night, and the limits of AI.