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LPS Sees Foreclosure Inventory Rise 89.6% from 2008 

Sep 02, 2009By

Foreclosure starts increased in July while completed foreclosures eased, funneling more loans into the foreclosure pipeline. Loss mitigation efforts, however, seem to enjoy a greater degree of success. Foreclosure inventory rose 4.2% in July from June and is up 89.6% from July 2008, according to the August mortgage monitor report by Lender Processing Services [stock LPS][/stock]. The total US foreclosure inventory rate sits at 3%.

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