Lender Processing Services (LPS), Jacksonville, Fla., reported that by the end of October 2010 the total U.S. foreclosure inventory rate reached 3.92%, marking an all time high in the size of the inventory — which now equals 7.4 times the historical averages and continues to rise.

Drawing on loan-level residential mortgage information from nearly 40 million loans across the spectrum of credit products the LPS October Mortgage Monitor report showed that the main reason behind the increase is "accelerated foreclosure referral activity over the last several months."

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