Flip Houses, Flips2.com

While the level of new delinquencies on residential mortgage loans has stabilized, the size of the “foreclosure pipeline” continues to grow. According to recent reports from RealtyTrac, just under two million homes in the United States are in some stage of foreclosure. In its most recent delinquency survey, the mortgage Bankers Association reported that 3.85% of all U.S. mortgages are in foreclosure; within the Bloomberg securitized non-agency database, a staggering 21.9% of all loans are 90 or more days delinquent, as of August….(<a href="http://www.mortgagenewsdaily.com/09172009_loss_severities_and_the_lengthening_foreclosure_process.asp”>read more)