US mortgage default filings surge as banks speed up process

posted by
September 15, 2011
Business Week    
Posted in News

"Default notices sent to delinquent U.S. homeowners surged 33 percent in August from the previous month, a sign that lenders are speeding up the foreclosure process after almost a year of delays, RealtyTrac Inc. said. First-time default notices were filed on 78,880 properties, the most in nine months, the Irvine, California-based data seller said today in a report." (09/15/11)

http://buswk.co/q1zRSC  

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