MBA: Little Evidence of a Foreclosure Backlog

The number of residential loans entering the foreclosure process is falling with “no evidence” that a backlog is building up that could suddenly flood the market, according to the chief economist of the Mortgage Bankers Association.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_415/mba-no-foreclosure-backlog-1026219-1.html?CMP=OTC-RSS

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