"The November Mortgage Monitor report released by Lender Processing Services Inc. (LPS) shows that the volume of loans moving to real estate-owned (REO) continued to drop as moratoria further delayed foreclosure sales. While the 90-plus delinquency category has steadily declined, the number of loans moving to seriously delinquent status beyond 90 days far outpaced the number of foreclosure starts. Nearly 2.2 million loans are 90 days or more delinquent but not yet in foreclosure."

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