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Problem Loans Drop To Less Than 1%

Problem Loans Drop To Less Than 1%

| May 07, 2013 | Housing Market

According to the latest report from Lender Processing Services, problematic loans in the United States have fallen to less than 1%, the lowest percentage seen since mid-2007. New problem-loans in March 2013, hit around 0.84%, dropping to pre-crisis levels. The report also showed that today, only 9 million homeowners are currently underwater while, in 2011, 17 million homeowners were struggling for home Equity. Additionally, the overall U.S. Foreclosure presale inventory rate is approximately 3.37%. More here

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