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Foreclosure

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Jumbo Prime Foreclosure Starts Spike: Report 

Mar 27, 2009By

Mortgage delinquencies declined by 1 percent in February from December 2008, when in the past during the December to February season, delinquencies have declined an average 6.5 percent, according to a monthly Mortgage Monitor Report released Friday by Lender Processing Services Inc. [stock LPS][/stock]. Total February delinquencies are now at 8.37 percent. The data also show a dramatic acceleration in the pace of foreclosure starts for non-agency jumbo prime mortgages, LPS said.

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