Higher foreclosure starts due to looser mortgage underwriting

July's year-over-year increase in foreclosure starts for 44% of the nation's metro areas is a result of looser underwriting standards and a sign of future growth in defaults, said Attom Data Solutions. A total of 30,187 properties started the foreclosure process for the first time in July, up 1% from June and up less than 1% from a year ago.

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