The November Mortgage Monitor report by Lender Processing Services (LPS) in Jacksonville, Fla. reveals a nationwide loan deterioration ratio higher than 3:1, indicating that for every one loan which improved, three more loans are deteriorating.

Of home loans that were current as of December 2008, more than two million, or 4.02%, were delinquent or in foreclosure by the end of October. October's foreclosure rate stood at 3.14%, a month-over-month increase of 0.7% and a year-over-year increase of 85.1%.

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