03/22/12 02:59
(http://www.eurochicago.com/)

Foreclosure Activity Finally Slowing Down

The number of completed foreclosures fell 13% year-over-year in January, suggesting an overall slowdown in default activity, CoreLogic said Thursday. The Santa Ana, Calif.-based analytics firm published its National Foreclosure Report, which shows 69,000 completed foreclosures in January 2012, up from 65,000 in December and down from 80,000 last year. In the previous 12 months, the nation saw 860,128 completed foreclosures. “We are encouraged by the noticeable progress we are seeing over the last several months in the mortgage industry,” said Anand Nallathambi, chief executive officer of CoreLogic. “During the last several years ...
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