LPS: 6.87 MILLION MORTGAGES DELINQUENT OR IN FORECLOSURE

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As of the end of December, 6.87 million mortgages in the United States were delinquent or in the process of foreclosure, according to Lender Processing Services (LPS). The company's data show that while the nation's volume of non-current home loans remains elevated, it's been steadily declining for several months now. LPS reported that 6.92 million mortgages were delinquent or in foreclosure at the end of November, and in October, it was just above 7 million