FORECLOSURE RATE IN 100 LARGEST U.S. METRO AREAS NEAR ALL-TIME HIGH EVEN AS DELINQUENCY RATES POINT TO RECOVERY
WASHINGTON—The Foreclosure-Response.org team—the Local Initiatives Support Corporation (LISC), Urban Institute and the Center for Housing Policy—has released the newest data on and analysis of seriously delinquent mortgages for all 366 U.S. metro areas from September 2012, finding that the foreclosure rate for the 100 largest U.S. metro areas stands at six percent, barely budging from …