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Positive signs for the housing recovery than -- properties in foreclosure nationwide at the lowest level since 09.
That's according to a market research company reports -- nearly 20% decline from last year.
But the analysts say there's still a long way to go to reach the levels we saw before the 2008 housing bubble burst and -- foreclosures through the roof.
Peter Barnes -- more from DC what about the lake -- mortgages tonight Peter.
While -- the number of mortgages with the midst monthly payments has fallen to below five million for the first time since August 2008.
That's down from a peak of about seven point seven million delinquent mortgages in January 2010.
This new report from Lender Processing Services covers homeowners who missed their regular monthly payment to those in the foreclosure process as of march.
Altria says it's not just -- improving economy more people -- more jobs so they can make their payments.
It's also banks modifying more loans restructuring them would lower interest rates or other better terms to help keep families in their homes.
We've seen -- stick near historic ties for for some time.
But now is.
Modification efforts are actually ramping back up again and the process is starting to move at least and in some areas.
We're starting to see that inventory decreased.
But there's still a way to go before the nation's housing crisis is behind -- LPS estimates that in a healthy economy.
The number of non current mortgages would be about half again their level of last month -- Peter thanks turns out.
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