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Study: foreclosures rising off looser credit standards

August 21, 2018

In July for the first time in three years, foreclosure starts nationally increased on a year-over-year basis, according to Attom Data Solutions of Irvine, Calif.

More than 30,000 U.S. properties entered foreclosure in July, up 1 percent from both one month and one year previous. Florida foreclosures were up 35 percent from July 2017, with the Indianapolis seeing a spike of more than 100 percent and Houston in excess of 75 percent.

Attom stated the increase accompanies loosening lending standards the past few years.

Alex.Soule@scni.com; 203-842-2545; @casoulman

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