LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume

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After increases in both foreclosure starts and sales in January, LPS is reporting a sharp decrease in February across all investor classes. The foreclosure backlog continues to plague the industry.

As of the end of February, LPS says foreclosure inventory levels stood at more than 30 times monthly foreclosure sales volume.

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LPS: Foreclosure Backlog Stands at 30x Foreclosure Sales Volume Approximate date of commencement of proposed sale to the public: As soon as practicable after this Registration Statement becomes effective. If any of the securities being registered on this Form are.

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Although our Origination Services business was strong, fueled by the high refinance volumes, this was offset by declines in Default Services, which continue to be impacted by industry-wide foreclosure.

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