NAR finds foreclosure inventory peaked in the beginning of 2010

The amount of mortgages in the U.S. foreclosure inventory may have peaked at just over 2 million, according to a presentation from the National Association of Realtors.

Citing data from the Mortgage Brokers Association and New York-based Haver Analytics, NAR showed a peak occurred in the fall of 2009 and has since dropped below 2 million as servicers have worked through the backlog, either modifying the mortgage or selling the underlying home as an REO.

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