Foreclosure figures released in a report Wednesday from the Federal Housing Finance Agency indicates the housing market is on the road to recovery.
The FHFA's 4th quarter 2012 Foreclosure Prevention Report, also known as the Federal Property Manager's Report, said foreclosure starts at Fannie Mae and Freddie Mac in the 4th quarter fell to 135,000 loans, the lowest level since the 3rd quarter of 2008.
Property dispositions outpaced property acquisitions during the 4th quarter, causing a further decline in Real Estate Owned properties.
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