Comment on Banks' foreclosure activity picks up in October

Banks' foreclosure activity picks up in October

After about a year of increased regulatory scrutiny, banks boost the pace of foreclosure activity in October, filing actions on 230,678 U.S. homes, a 7% increase over September.Banks are reasserting themselves against troubled borrowers, sending close to 78,000 properties into the first stage of the foreclosure process in October after a nearly yearlong slowdown brought on by increased scrutiny from regulators.

 

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