The frantic pace of foreclosures eased in January, according to a monthly report released Thursday.
Foreclosure filings – default notices, auction sale notices and bank repossessions – were reported on 274,399 U.S. properties during January, down 10% from December, according to RealtyTrac, the online marketer of foreclosed homes. That was still 18% higher than January 2008.
Lenders repossessed 66,777 homes.
RealtyTrac attributed a large part of the decline to foreclosure moratoriums imposed by mortgage giants Fannie Mae (FNM, Fortune 500) and Freddie Mac (FRE, Fortune 500) as well as other lenders and some states.
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