Lender Processing Services' (LPS) July Mortgage Monitor report showed that foreclosure timelines are still on their steady upward trend with payments not having been made on the average loan in foreclosure in a record 599 days.

LPS said that close to 1.9 million loans are 90 or more days delinquent but not yet in foreclosure, 42% have not made a payment in over a year with an average delinquency of 397 days, which is also a new record.

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