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.
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Sales of new homes probably will rise to a 13-year high in 2020 as the U.S. dodges a recession, according to Lawrence Yun, chief economist of the National Association of Realtors.
While there are numerous LOS options available on the market from which a lender can choose, the best LOS should meet several criteria.