The average mortgage loan in foreclosure has been delinquent for 599 days, according to Lender Processing Services (LPS). That's a record for the company's regular monthly study on mortgage performance trends. As of the end of July, LPS counted 2.2 million loans that were in foreclosure and nearly 1.9 million that were over 90 days past due but had not yet started the foreclosure process. The company also found that 38 percent of July's foreclosure starts were repeat foreclosures
The LPS study shows that 75,000 loans were transitioned from foreclosure to 90-plus day delinquency status last month, with nearly half coming from the GSEs, really?
What kind of shape is "our"(Taxpayers) investment portfolio really in if this is the case?
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