The November Mortgage Monitor report released by Lender Processing Services (LPS) showed that the volume of loans moving to REO is still dropping with the moratoria further delaying foreclosure sales.

While the 90+ delinquency category has steadily decreased, the number of loans moving to seriously delinquent status beyond 90 days far outpaced the number of foreclosure starts, according to LPS. Close to 2.2 million loans are 90 days or more delinquent but, although are not yet in foreclosure.

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